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1. Bentley Corp. had 900,000 shares of common stock outstanding on January 1, 2012 and issued 500,000 shares on July 1, 2012. Bentley had net income of $1,680,000, common dividends of $50,000 and cumulative preferred dividends of $20,000 for the year ending December 31, 2012. Bentley would report basic earnings per share (EPS) of:


$1.44

$1.42

$1.18

$1.16
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1. Bentley Corp. had 900,000 shares of common stock outstanding on January 1, 2012 and issued 500,000 shares on...