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Kirova Company Has Provided the Following Information

Question 59

Multiple Choice

Kirova Company has provided the following information:
Number of issued common shares,900,000;
Net income,$1,000,000;
Number of authorized common shares,1,000,000;
Number of outstanding common shares,800,000
Number of treasury shares,100,000.
What is Kirova's earnings per share?


A) $1.43
B) $1.25
C) $1.11
D) $1.00

Correct Answer:

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