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Samson Company Has Common Stock of $150,000 and Retained Earnings

Question 52

Essay

Samson Company has common stock of $150,000 and retained earnings of $140,000 at yearend. During the year, 20,000 shares of stock were outstanding. Net income was reported as $70,000. What is the company's earnings per share?
a. $3.50
b. $1.07
c. $0.73
d. $10.25

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