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James Corp. only has common stock outstanding. For 20X5 and 20X6, it generated the same amount of net income; however, it had less shares outstanding

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James Corp. only has common stock outstanding. For 20X5 and 20X6, it generated the same amount of net income; however, it had less shares outstanding in 20X6 than in 20X5. As a result, which of the following statements is true regarding its earning per share (EPS)? Select one: a. EPS for 20X6 will be higher. b. EPS for 20X5 and 20X6 will be the same. c. EPS for 20X6 will be lower

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