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Madison Company issued 200 shares of stock for $10 apiece when it began business on January 1, 2019. No stock has been issued since that time. The balance in stockholders' equity at January 1, 2025 was $40,000. During 2025, $10,000 was paid in dividends. At December 31, 2025, Madison had total assets of $92,000 and total liabilities of $32,000. What was Madison's earnings per share?A) $260B) $160C) $200D) $150
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