Kirova Company Has Provided the Following Information

question 59

Multiple Choice

Kirova Company has provided the following information:
Number of issued common shares,900,000;
Net income,$1,000,000;
Number of authorized common shares,1,000,000;
Number of outstanding common shares,800,000
Number of treasury shares,100,000.
What is Kirova's earnings per share?

• A)$1.43
• B)$1.25
• C)$1.11
• D)$1.00