Multiple Choice
A corporation had 20,000 shares of common stock outstanding from January 1, 2010, through August 1, 2010, on which date 10,000 additional shares were issued. If existed net income after taxes was $110,000, the calculated earnings per share (rounded to the nearest cent) would be:
A) $3.67.
B) $4.26.
C) $4.55.
D) $5.50.
Correct Answer:
Verified
Correct Answer:
Verified
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