Kirova Company has provided the following information:
Number of issued common shares,900,000;
Net income,$1,000,000;
Number of authorized common shares,1,000,000;
Number of outstanding common shares,800,000
Number of treasury shares,100,000.
What is Kirova's earnings per share?
A)$1.43
B)$1.25
C)$1.11
D)$1.00

Question

Kirova Company has provided the following information:
 Number of issued common shares,900,000;
Net income,$1,000,000;
Number of authorized common shares,1,000,000;
Number of outstanding common shares,800,000
Number of treasury shares,100,000.
What is Kirova's earnings per share?
A)$1.43
B)$1.25
C)$1.11
D)$1.00

Quizplus · Accepted Answer

Earnings per share ($1.25) = Net income ($1,000,000) / Outstanding shares (800,000)

Kirova Company Has Provided the Following Information