Question
At December 31, 2014, QRS had 500 common shares issued and outstanding, 400 of which had been issued and outstanding throughout the year and 100
At December 31, 2014, QRS had 500 common shares issued and outstanding, 400 of which had been issued and outstanding throughout the year and 100 of which were issued on October 1, 2014. Net income for the year ended December 31, 2014, was $4,288. What should be QRS's 2014 earnings per common share, rounded to the nearest cent?
Select one:
a.$10.09
b.$8.58
c.$10.72
d.$9.53
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
