At December 31,2016 and 2015,G Co.had 50,000 shares of common stock and 5,000 shares of 5%,$100 par value cumulative preferred stock outstanding.No dividends were declared on either the preferred or common stock in 2016 or 2015.Net income for 2016 was $500,000.For 2016,basic earnings per common share amounted to:
A)$ 5.00.
B)$ 9.50.
C)$ 9.00.
D)$10.00.

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The Answer of At December 31,2016 and 2015,G Co.had 50,000 shares of common stock and 5,000 shares of 5%,$100 par value cumulative preferred stock outstanding.No dividends were declared on either the preferred or common stock in 2016 or 2015.Net income for 2016 was $500,000.For 2016,basic earnings per common share amounted to:
A)$ 5.00.
B)$ 9.50.
C)$ 9.00.
D)$10.00.