Financial statement data for years ending December 31 for Duffner Company are shown below. a. Determine the

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Financial statement data for years ending December 31 for Duffner Company are shown below.

a. Determine the earnings per share for 2012 and 2011.b. Does the change in the earnings per share from 2011 to 2012 indicate a favorable or an unfavorabletrend?

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

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

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Question Posted: Oct 14, 2011 06:21 AM

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Financial statement data for years ending December 31 for Duffner Company are shown below. a. Determine the

Question:

2011 $692,000 $35,000 90,000 shares 2012 Net income Preferred dividends Average number of common shares outstanding $971,000 $35,000 120,000 shares

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a b The increase in the earnings per share from 730 to 780 ...View the full answer

Financial and Managerial Accounting

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