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Earnings per share calculated

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Assume there are 300,000 shares of common stock authorized by York Corp. Of those 250,000 shares have been issued. Later, 50,000 of the issued shares were repurchased by York and currently held as treasury stock. Net income for the year was $800,000.

Calculate the Earnings Per Share (EPS).

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The solution explains how to calculate the earnings per share.

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Earnings per share = Net income/Number of shares ...

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