Required compute berclairs earnings per share for the year

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Reference no: EM13482420

On December 31, 2008, Berclair, Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March1, 2009, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2009. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2009, was $150million.

Required: Compute Berclair's earnings per share for the year ended December 31, 2009.

Reference no: EM13482420

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