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How much should Chad report as earnings per share

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Question - Chad Corporation had 100,000 shares of commons stock outstanding on January 1, 2017. On January 1, 2017 Chad purchased 5,000 shares of its own common stock to fund a stock option plan for its executives. On December 31, 2017 Chad announced a 3 to 1 stock split. Chad's net income for 2017 was $400,000. How much should Chad report as earnings per share for 2017?

Reference no: EM132559298

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