In 2020, Imogen Co. reported net income of $575,000, and declared and paid preferred share dividends of
Question:
In 2020, Imogen Co. reported net income of $575,000, and declared and paid preferred share dividends of $75,000. During 2020, the company had a weighted average of 66,000 common shares outstanding.
Required: Calculate the company’s basic earnings per share.
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Related Book For 
Intermediate Financial Accounting Volume 1
ISBN: 9781539980674
1st Edition
Authors: Glenn Arnold, Suzanne Kyle, Lyryx Learning
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