FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
ABC Inc. has 20,000 common shares issued and outstanding as of January 1. On July 1, the company sold an additional 5,000 common shares for proceeds of $100,000. Net income for the year was $30,000. What would be the earnings per share?
Options from Question 4:
4
1.2
3.33
1
None of the above
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