A corporation had a net income for the current year of $2,375,000. It paid preferred dividends of
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Question:
A corporation had a net income for the current year of $2,375,000. It paid preferred dividends of $80,000 in cash and had 500,000 weighted average common shares outstanding.
Calculate the earnings per share of the corporation.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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