In 2023, I & T Corporation reported net income of $8.6 million, and declared and paid preferred
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In 2023, I & T Corporation reported net income of $8.6 million, and declared and paid preferred share dividends of $3.2 million. During 2023, I & T had a weighted average of 900,000 common shares outstanding. Calculate I & T’s 2023 earnings per share.
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Related Book For 
Intermediate Accounting Volume 1
ISBN: 9781119740469
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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