Hedley Corporation had 2023 net income of $1.4 million. During 2023, Hedley paid a dividend of $5
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Hedley Corporation had 2023 net income of $1.4 million. During 2023, Hedley paid a dividend of $5 per share on 100,000 preferred shares. Hedley also had 220,000 common shares outstanding during the year. Calculate Hedley’s 2023 earnings per share. Round to the nearest cent.
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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