14. On January 1, 2010, Libby Corporation had 18,000 shares of common stock outstanding, and reacquired 2,000
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Question:
15. On January 1, 2010, Smith Company had 21,000 shares of common stock outstanding and issued an additional 4,500 shares on May 1. The company declared and paid a cash dividend of $30,000 and earned$330,000 net income. The earnings per share for the year was
A.$15.00
B.$13.75
C.$12.94
D.$12.50
Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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