Multiple Choice
Which of the following is the basic formula for earnings per share?
A) Net income ÷ Average number of shares of common shares outstanding
B) Net income ÷ Ending number of shares of common shares outstanding
C) Net income ÷ Beginning number of shares of common shares outstanding
D) Net income ÷ Total number of shares of common shares outstanding
Correct Answer:
Verified
Correct Answer:
Verified
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