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Ott Company had 210,000 shares of common stock outstanding on December 31, 2010. During th

Ott Company had 210,000 shares of common stock outstanding on December 31, 2010. During th

Ott Company had 210,000 shares of common stock outstanding on December 31, 2010. During the year 2011 the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2011 Ott Company reported net income of $229,690 after a casualty loss of $40,600 (net of tax).
What earnings per share data should be reported at the bottom of its income statement, assuming that the casualty loss is extraordinary?

Tripti 05-Dec-2019

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