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What will H report as basic EPS for the year ended

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Question - On 01-01-14, H had 900,000 shares of common stock outstanding. The following common stock-related transactions occurred during 2014:

On March 1, H issued 36,000 shares of its common stock.

On June 30, H declared and distributed a 5% stock dividend.

On October 31, H reacquired 18,000 shares of its common stock.

H's net income for 2014 was $1,975,000. H's income tax rate is 20%. What will H report as basic EPS for the year ended 12-31-14?

Reference no: EM132819761

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