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DCE Had 900 Common Shares Outstanding on January 1,2014,issued 600

Question 97

Multiple Choice

DCE had 900 common shares outstanding on January 1,2014,issued 600 shares on May 1 and had income applicable to common shares of $5,200 for the year ending December 31,2014.Earnings per common share for 2014 would be: (Rounded to the nearest cent)


A) $5.78
B) $4.00
C) $3.60
D) $3.46

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