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SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the year 2014 the company acquired and then retired 15,000 shares on April 1 and issued 50,000 shares on July 31. For the year 2012 SCR Company reported net income of $982,500, after an extraordinary gain of $300,000 (net of tax).

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Question: What earnings per share data should be reported at the bottom of its income statement?

Note: Please provide reasons to support your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164926

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