An analyst gathered the following information about a company: - Net incorne =$800,000 - The...
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Accounting
An analyst gathered the following information about a company: - Net incorne =$800,000 - The firm began the year with 70,000 common shares outstanding and non-convertible preferred stock with total dividends of $24,000. - In the past year, the company had the following common stock transactions: February 28: declared a 2-for-1 stock split March 31: issued 10,000 new common shares How many common shares should be used in computing the company's Earnings Per Share? 72.500 145000 147.500 77.500
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