Multiple Choice
Traxx Corporation reports net income for 2014 of $460,000. Traxx Corporation had 10,000 shares of $10 preferred shares outstanding for all of 2014. Traxx Corporation also had 50,000 common shares issued at $10 outstanding for all of 2014. Earnings per share is:
A) $6.00
B) $6.67
C) $7.20
D) $8.00
Correct Answer:
Verified
Correct Answer:
Verified
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