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National Corporation was organized on January 1 and issued 600,000 shares of common stock on...

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Accounting

National Corporation was organized on January 1 and issued 600,000 shares of common stock on that date. On July 1, an additional 200,000 shares were issued for cash. Net income for the year was $3,675,000. Net earnings per share amounted to:

  • $5.25.

  • $6.13.

  • $4.59.

  • $9.19.

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