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The Following Information Is Available for the Christian Company What Is the Earnings Per Share for the Year Ended

Question 65

Multiple Choice

The following information is available for the Christian Company:
Net income for the year ended December 31, 2014 $127.4Retained earnings, December 31, 2014 150.0Retained earnings, December 31, 2013 180.0 $5 par Common stock, December 31, 201480.0$5 par Commonstock, December 31, 2013 80.0Total liabilities, December 31, 2014 240.0Total liabilities December 31,2013 182.0\begin{array} { l } \text {Net income for the year ended December 31, 2014 }&\$127.4\\ \text {Retained earnings, December 31, 2014 }&150.0\\ \text {Retained earnings, December 31, 2013 }&180.0\\ \text { \( \$ 5 \) par Common stock, December 31, 2014}&80.0\\ \text {\( \$ 5 \) par Commonstock, December 31, 2013 }&80.0\\ \text {Total liabilities, December 31, 2014 }&240.0\\ \text {Total liabilities December 31,2013 }&182.0\\\end{array}

What is the earnings per share for the year ended December 31,2014?


A) $1.04
B) $1.56
C) $7.50
D) $7.96

Correct Answer:

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