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Yet Corporation Had Net Earnings of $500,000

Question 1

Multiple Choice

Yet Corporation had net earnings of $500,000. It paid $125,000 in dividends to the preferred shareholders. Yet Corporation had a weighted average of 1,500,000 common shares and 250,000 preferred shares. Yet Corporation's earnings per share was:


A) $0.25
B) $0.33
C) $0.29
D) $0.21

Correct Answer:

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