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. 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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