Cardwell Realty Limited has 20,000 common shares issued and outstanding at January 1, 20X4. On July 1, the company sold an additional 10,000 common shares for proceeds of $100,000. Net income for the year was $30,000. What would the earnings per share be?
A) $1.00
B) $1.50
C) $1.20
D) $4.00
Correct Answer:
Verified
Q1: Yet Corporation had net earnings of $500,000.
Q2: Which one of the following is not
Q4: Which of the following statements is true?
A)
Q5: The articles of incorporation include all of
Q6: With respect to a corporation, select the
Q7: A "gain" on the sale of treasury
Q8: Which of the following statements about issuing
Q9: The authorized shares of a corporation
A) only
Q10: Which of the following represents the shares
Q11: Which of the following statements is false?
A)
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