Multiple Choice
A company had 30,000 shares of common stock outstanding on January 1,2006.On March 1,the company issued an additional 18,000 shares of common stock.Net income for the year was $99,000 (no extraordinary items) .The earnings per share were (round to the nearest cent) :
A) $0.18
B) $1.27
C) $2.06
D) $2.57
Correct Answer:
Verified
Correct Answer:
Verified
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