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A company had 110,000 shares of common stock outstanding on January 1. It then issued 50,000 additional shares of common stock on October 1.
A company had 110,000 shares of common stock outstanding on January 1. It then issued 50,000 additional shares of common stock on October 1. If the earnings for the year are $322,175, calculate the earnings per share for the year using weighted average number of shares. (round your answer to two decimal places) Multiple Choice $2.93 $3.13 $2.01 $2.63
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
9th edition
290-1259222138, 1259222136, 978-1259222139
