Question
Global Airlines has no preferred stock outstanding. The company had 50,000 shares of common stock outstanding on January 1, 2016 and issued 20,000 additional shares
Global Airlines has no preferred stock outstanding. The company had 50,000 shares of common stock outstanding on January 1, 2016 and issued 20,000 additional shares on April 1. If Globals net income was $718,000, the company should report earnings per share of (to the nearest cent):
| A. | $11.05 | |
| B. | $ 8.57 | |
| C. | $10.26 | |
| D. | $ 9.20 |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
