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    Corporate Finance Study Set 4
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    Exam 2: Financial Statements and Cash Flow
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    Earnings Per Share Will Increase When
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Earnings Per Share Will Increase When

Question 36

Question 36

Multiple Choice

Earnings per share will increase when:


A) depreciation decreases.
B) the number of shares outstanding increase.
C) operating income decreases.
D) dividends per share decrease.
E) the average tax rate increases.

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