Net income for Malt Corporation for 2017 is $426,800.Malt issued 17,000 common shares and 2,000 shares of $2,cumulative preferred shares on January 1 of 2017.On November 1 of 2017,Malt Corporation reacquired and cancelled 3,100 of its common shares.No other share transactions occurred in 2017.What is earnings per share for 2017?
A) $24.14
B) $30.42
C) $24.37
D) $25.65
Correct Answer:
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