Wyoming Company had net income of $2,430,000 during the year. There were 240,000 common shares and 30,000

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Wyoming Company had net income of $2,430,000 during the year. There were 240,000 common shares and 30,000 shares of $100 par value, 9% preferred stock outstanding during the year. Determine the basic earnings per share.


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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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