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The Daily Delicious had 50,000 shares of common stock outstanding throughout 1999. Income before taxes was $170,000. There were no discontinued operations, extraordinary items, or

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The Daily Delicious had 50,000 shares of common stock outstanding throughout 1999. Income before taxes was $170,000. There were no discontinued operations, extraordinary items, or changes in accounting principle to report. The tax rate was 40%. EPS for net income is: a. $2.00 b. $2.04 C. $3.40 $1.36 e. $1.00

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