Barnes Company earned net income of $450,000 this year. The number of common shares outstanding during the

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Barnes Company earned net income of $450,000 this year. The number of common shares outstanding during the entire year was 200,000, and preferred shareholders received a $10,000 cash dividend. Compute Barnes Company’s basic earnings per share.

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:22 AM

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Barnes Company earned net income of $450,000 this year. The number of common shares outstanding during the

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