E16.17 (EPS: Simple Capital Structure) SCR Company had 600,000 shares of common stock outstanding on...
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E16.17 (EPS: Simple Capital Structure) SCR Company had 600,000 shares of common stock outstanding on Decem- ber 31, 2021. During the year 2022 the company acquired and then retired 15,000 shares on April 1 and issued 50,000 shares on July 31. For the year 2022 SCR Company reported net income of $982,500, after income from discontinued operations of $300,000 (net of tax). Instructions What earnings per share data should be reported at the bottom of its income statement
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