FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On the first day of 2021, Paccar had 100,000 shares of common stock outstanding. The following transactions occurred during 2021:
| March | 1: | Reacquired 2,700 shares, accounted for as |
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| September | 30: | Sold all the treasury shares. | ||
| December | 1: | Sold 11,700 new shares for cash. | ||
| December | 31: | Reported a net income of $294,750. |
Required:
Calculate Paccar's basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.)
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