A company has 200,000 shares of authorized common stock and 40,000 shares outstanding on January...
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Accounting
A company has 200,000 shares of authorized common stock and 40,000 shares outstanding on January 1, Year One. The company issues 10,000 more shares of common stock on April 1 and another 25,000 shares on July 1 for a total of 75,000. The company had net income for Year One of $600,000. What was its earnings per share?
Select one:
a. $8
b. $10
c. $12
d. $13
e. $7
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