ACC 423 Problem 16-7(Computation of Basic and Diluted EPS) Charles Austin of the controller’s… 1 answer below »

ACC 423 Problem 16-7(Computation of Basic and Diluted EPS) Charles Austin of the controller’s office of Thompson Corporation was given the
assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2013.
Austin has compiled the information listed below
1 1. The company is authorized to issue 8,107,200 shares of $10 par value common stock. As of December 31, 2012, 2,026,800
shares had been issued and were outstanding.
2 The per share market prices of the common stock on selected dates were as follows.

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