For 2017, Spanos Corporation reported net income $26,000, net sales $400,000, and weightedaverage shares outstanding 4,000. There

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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? LO8

(a) $6.00.

(c) $99.50.

(b) $6.50.

(d) $100.00.

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Financial Accounting

ISBN: 9781118953907

8th Edition

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

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Question Posted: Jul 05, 2024 10:09 AM

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For 2017, Spanos Corporation reported net income $26,000, net sales $400,000, and weightedaverage shares outstanding 4,000. There

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Financial Accounting

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