Problem related to earnings per share of common stock
For 2006, Skresso Co. reported $3.64 of earnings per share of common stock. During 2007 the firm had a 4% common stock dividend. 2006 earnings per share to be reported in the annual report for 2007 are:
A) $3.79
B) $3.64
C) $3.50
D) $3.49
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