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Based on the Following Information, What Is Earnings Per Share

Question 124

Multiple Choice

Based on the following information, what is earnings per share? 115,000 Common shares outstanding $40,000 Preferred stock cividend declared and paid $350,000 Net income \begin{array}{ll}115,000 & \text { Common shares outstanding } \\\$ 40,000 & \text { Preferred stock cividend declared and paid } \\\$ 350,000 & \text { Net income }\end{array}


A) $3.39
B) $3.04
C) $2.96
D) $2.70

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