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

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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