Essay
On January 1, 2013, Shamu Corporation had 100,000 shares of common stock outstanding. The following transactions occurred during 2013: The following transactions occurred during 2014:
Required:
Calculate Shamu's basic earnings per share (rounded to 2 decimal places) for both years for presentation in comparative financial statements that will be prepared at the end of 2014.
Correct Answer:

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2013:
2014:
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