DCE had 900 common shares outstanding on January 1, 20x3, issued 600 shares on May 1 and

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DCE had 900 common shares outstanding on January 1, 20x3, issued 600 shares on May 1 and

DCE had 900 common shares outstanding on January 1, 20x3, issued 600 shares on May 1 and
had income applicable to common shares of $5,200 for the year ending December 31, 20x3.
Earnings per common share for 20x3 would be:
A) $5.78
B) $4.00
C) $3.60
D) $3.46

Textbook

Intermediate Accounting, Volume 2

Edition: 5^th

Authors: Beechy, Conrod, Farrell

Read 90 times

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