Reference no: EM132767027
Questions -
1. The company issued 500,000 common shares for $10 a share on January 2, 2020, the date of its incorporation. Another 340,000 common shares were issued for $30 each on March 1, 2020. On November 1, 2020 the company repurchased 60,000 of its own shares.
2. 100,000 warrants were issued for $20 each on April 1, 2020. One warrant permits the owner to purchase one common share of CCC for $30 any time before December 31, 2024.
3. On September 1, 2020 the company issued $2,400,000, 5%, convertible bonds at par value. Each $1,000 bond is convertible into 20 common shares.
4. The average market value of the common shares in 2020 was $40 per share based on private sales of the shares during the year.
5. No dilutive securities were converted into common shares during 2020.
6. The net income is $806,104 and the Number of common shares are 780,000.
Required - Calculate the appropriate earnings per share amounts for 2020.
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