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For the Year That Just Ended, a Company Reports Net

Question 76

Multiple Choice

For the year that just ended, a company reports net income of $1,500,000.There are 500,000 shares authorized, 300,000 shares issued, and 250,000 shares of common stock outstanding.What is the earnings per share?


A) $5.00
B) $2.50
C) $6.00
D) $3.00

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