Hill Corp. had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $1,470,000 for the year ending December 31, 2014. Earnings per share of common stock for 2014 would be
A) $2.45.
B) $1.16.
C) $1.40.
D) $1.64.
Correct Answer:
Verified
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