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The 2014 Net Income of MNO Was $300,000, and 100,000

question 57

Multiple Choice

The 2014 net income of MNO was $300,000, and 100,000 of its common shares were outstanding during the entire year.In addition, outstanding options existed to purchase 10,000 common shares at $10 per share.These options were granted in 2012 and none had been exercised by December 31, 2014.MNO earned interest at 8% and had a 50% tax rate.The amount, which should be shown as MNO's basic earnings per share for 2014, is (rounded to the nearest cent) :

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Social Skills

A set of competencies that enable individuals to interact and communicate effectively with others, including skills like empathy, cooperation, and verbal and non-verbal communication.

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