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the carter of carrington company authorities 1000 shares of common stock. but didn’t authorise any shares of preferred stock. they were 9500 shares of common stock issues and outstanding throughout the year. during they year the company reported net income of $30000. what is company earning per share

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Answer #1

Net Income = $30,000

Number of shares issued and outstanding = 9,500 shares

Earnings per share = $30,000 / 9,500

Earnings per share = $3.16 per share

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