For the Year That Just Ended, a Company Reports Net

question 112

Multiple Choice

For the year that just ended, a company reports net income of $1,500,000.There are 500,000 shares authorized, 300,000 shares issued, and 250,000 shares of common stock outstanding.What is the earnings per share?

• A) $5.00
• B) $2.50
• C) $6.00
• D) $3.00