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On December 31, 2023, Berclair Incorporated had 520 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding.
On March 1, 2024, Berclair purchased 30 million shares of its common stock as treasury stock.
Berclair issued a 5% common stock dividend on July 1, 2024.
Five million treasury shares were sold on October 1.
Net income for the year ended December 31, 2024, was $950 million.
Required:
Compute Berclair's earnings per share for the year ended December 31, 2024.
Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
tHE NUMERATOR IS: 905
wHAT IS THE DENOMINATOR?
Sagot :
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