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What are the earnings per share for the year ended december

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Question - Selected items from the financial statements for Lorna Company are listed below:

Paid in capital, December 31, 2014 $100,000

Retained earnings, December 31, 2014 $75,000

Common stock dividends declared in 2014 $75,000

Net income for the year ended December 31, 2014 $100,000

Lorna Company has 5,000 common shares outstanding during the year. What are the earnings per share for the year ended December 31, 2014?

Reference no: EM133063853

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