At December 31, 2021, Concord Corporation had 506000 shares of common stock issued and outstanding, 402000 of which had been issued and outstanding throughout the year and 104000 of which were issued on October 1, 2021. Net income for the year ended December 31, 2021, was $1705000. What should be Concord's 2021 earnings per common share, rounded to the nearest penny?

Answer rating: 100% (QA)

Net income 1705000 Divided by Common stock shares 4... View the full answer