FDI reports 2005 net income of $250,000 and pays preferred dividends of $70,000. On January I, 2005,

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FDI reports 2005 net income of $250,000 and pays preferred dividends of $70,000. On January I, 2005, FDI had 25,000 outstanding common shares, and it purchased 5,000 treasury shares on July I. Its 2005 basic EPS is

(a) $8; (fa) $9; or

(c) $10.

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Financial Accounting Information For Decisions

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FDI reports 2005 net income of $250,000 and pays preferred dividends of $70,000. On January I, 2005,

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Financial Accounting Information For Decisions

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