Knowledge Check O$1$

The basic earnings per share formula is:

$($net income plus preferred dividends$)$ divided by weighted$-$average common shares outstanding.

$($net income minus preferred dividends$)$ divided by weighted$-$average common shares outstanding.

$($net income minus preferred dividends$)$ times weighted$-$average common shares outstanding.

$($net income plus preferred dividends$)$ times weighted$-$average common shares outstanding.

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$19,20,21-24$

of $24$

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