Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income,

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Given the following year-end information for Somerset Corporation, compute its basic earnings per share.
• Net income, $13,000.
• Preferred dividends declared, $4,000
• Weighted average common shares for the year, 4,500

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Question Posted: Sep 11, 2016 11:28 AM

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Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income,

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Intermediate Accounting Reporting and Analysis

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