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A company had 110,000 shares of common stock outstanding on January 1st. It then issued 50,000 additional shares of common stock on July 1st. If the earnings for the year are $506,250, calculate the earnings per share for the year using weighted average number of shares. (round your answer to two decimal places) Multiple Choice $3.16 $3.75 $4.15 $4.60

A company had 110,000 shares of common stock outstanding on January 1st. It then issued 50,000 additional shares of common stock on July 1st. If the earnings for the year are $506,250, calculate the earnings per share for the year using weighted average number of shares. (round your answer to two decimal places) Multiple Choice $3.16 $3.75 $4.15 $4.60

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Exit A company had 110,000 shares of common stock outstanding on January 1st. It then issued 50,000 additional shares of common stock on July 1st. If the earnings for the year are $506,250, calculate the earnings per share for the year using weighted average number of shares. (round your answer to two decimal places) Multiple Choice $3.16 $3.75 $4.15 $4.60 < Prev 18 of 50 Next > 24
Transcribed Image Text:Exit A company had 110,000 shares of common stock outstanding on January 1st. It then issued 50,000 additional shares of common stock on July 1st. If the earnings for the year are $506,250, calculate the earnings per share for the year using weighted average number of shares. (round your answer to two decimal places) Multiple Choice $3.16 $3.75 $4.15 $4.60 < Prev 18 of 50 Next > 24
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