Shamrock Company Had Net Income of $30,000

question 186

Multiple Choice

Shamrock Company had net income of $30,000.On January 1,there were 8,000 shares of common stock outstanding.On April 1,the company issued an additional 2,000 shares of common stock.There were no other stock transactions.The company has an earnings per share of:

• A)$3.75
• B)$3.00
• C)$3.33
• D)$15.00
• E)$3.16

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