Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income,
Question:
• Net income, $13,000.
• Preferred dividends declared, $4,000
• Weighted average common shares for the year, 4,500
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1111822361
1st edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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