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Updelt Company was authorized to issue one million shares of $1 par value common stock. Currently, 600,000 shares remain issued. The company is not performing
Updelt Company was authorized to issue one million shares of $1 par value common stock. Currently, 600,000 shares remain issued. The company is not performing in comparison with its peers as the sales are below standards and the profit margin is stagnant. However, the earnings per share of the company increased from $3 to $3.5. What could be the reason for this increase? Select a Choice Below current question choices OptionA The company is window dressing its financial statements and presenting favorable data. OptionB The company is repurchasing its shares and reducing the outstanding shares in the market. OptionC The company issues bonds to support fund raising and improving the earnings. OptionD The company issues preferred stock to support fund raising and improving the earnings
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