Multiple Choice
Interurban Company began operations on the first day of the year.On that day they issued 10,000 shares.On March 1 they issued 20,000 shares and on July 1,another 30,000 shares.On December 1,Interurban repurchased 5,000 shares of outstanding shares.Compute basic EPS for the first year of operation if net income was $60,000.
A) $1.64
B) $1.45
C) $1.20
D) $1.00
Correct Answer:
Verified
Correct Answer:
Verified
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