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A company had 130,000 shares of common stock outstanding on January 1 and then sold 30,000 additional shares on March 30. Net income for the

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A company had 130,000 shares of common stock outstanding on January 1 and then sold 30,000 additional shares on March 30. Net income for the year was $505,000. What are earnings per share? Multiple Choice $3 88 $3.31 $316 S16.83

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