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The income statement for AC102, Inc. shows...

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Accounting

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The income statement for AC102, Inc. shows income before income taxes $700,000, income tax expense $210,000, and net income $490,000. If AC102 has 100,000 shares of common stock outstanding throughout the year, earnings per share is: a. $7.00 $4.90 c. $2.10 d. No correct answer is given

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