The stockholders’ equity section of Sosa Corporation appears bel

The stockholders’ equity section of Sosa Corporation appears below as of December 31, 2012.

The stockholders’ equity section of Sosa Corporation appears bel

Net income for 2012 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,000,000 (before tax) as a result of a major casualty, which should be classified as an extraordinary item. Preferred stock dividends of $270,000 were declared and paid in 2012. Dividends of $1,000,000 were declared and paid to common stockholders in 2012.
Instructions
Compute earnings per share data as it should appear on the income statement of SosaCorporation.



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  • CreatedOctober 11, 2011
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