Epic Company earned net income of $ 900,000 this year. The number of common shares outstanding during

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Epic Company earned net income of $ 900,000 this year. The number of common shares outstanding during the entire year was 400,000, and preferred shareholders received a $ 20,000 cash dividend. Compute Epic Company’s basic earnings per share.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 26, 2013 10:15 AM

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Epic Company earned net income of $ 900,000 this year. The number of common shares outstanding during

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