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At December 31,2014,QRS Had 500 Common Shares Issued and Outstanding,400

Question 34

Multiple Choice

At December 31,2014,QRS had 500 common shares issued and outstanding,400 of which had been issued and outstanding throughout the year and 100 of which were issued on October 1,2014.Net income for the year ended December 31,2014,was $4,288.What should be QRS's 2014 earnings per common share,rounded to the nearest cent?


A) $8.58
B) $9.53
C) $10.09
D) $10.72

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