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Cardwell Realty Limited has 20,000 common shares issued and outstanding at January 1, 20X4. On...

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Accounting

Cardwell Realty Limited has 20,000 common shares issued and outstanding at January 1, 20X4. On July 1, the company sold an additional 10,000 common shares for proceeds of $100,000. Net income for the year was $30,000. What would the earnings per share be?
A). $1.20
B). $1.50
C). $1.00
D). $4.00

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