O- For 2017, Spanos Corporation reported net income ($ 26,000), net sales ($ 400,000), and weightedaverage shares

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O- For 2017, Spanos Corporation reported net income $\$ 26,000$, net sales $\$ 400,000$, and weightedaverage shares outstanding 4,000 . There were preferred dividends of $\$ 2,000$. What was the 2017 earnings per share?

(a) $\$6.00$

(c) $\$ 99.50$.

(b) $\$6.50$

(d) $\$ 100.00$.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Jun 24, 2024 01:01 AM

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O- For 2017, Spanos Corporation reported net income ($ 26,000), net sales ($ 400,000), and weightedaverage shares

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Financial Accounting Tools For Business Decision Making

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