Question: Compute basic earnings per share considering the following information. Common stock, $ 1 0 par, outstanding throughout the year 9 , 0 0 0 shares

Compute basic earnings per share considering the following information.
Common stock, $10 par, outstanding throughout the year
9,000 shares
Common stock dividends declared and paid
$27,000
Net income $34,000
Note: Enter the earnings per share amount in dollars and cents, rounded to the nearest penny.

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