Reference no: EM132654435
Question - On 01-01-14, H had 2,400,000 shares of common stock outstanding. The following common stock-related transactions occurred during 2014:
On March 1, H issued 240,000 shares of its common stock.
On June 30, H declared and distributed a 5% stock dividend.
On October 1, H bought back 120,000 shares of its common stock.
On December 31, H issued 24,000 shares of its treasury stock.
H's net income for 2014 was $6,500,000. H's income tax rate is 25%. What will H report as basic EPS for the year ended 12-31-14?