Question
1) The following is financial statement data from Bug Company for years ended December 31: (5 points) 2016 2017 Net Income $524,748 $618,184 Preferred Dividends
1) The following is financial statement data from Bug Company for years ended December 31: (5 points) 2016 2017 Net Income $524,748 $618,184 Preferred Dividends $25,000 $25,000 Average number of common shares outstanding 70,000 80,000 Instructions: a) Calculate the earnings per share for 2016 and 2017. b) Was there a favorable or unfavorable trend for earnings per share from 2016 to 2017?
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Rehabilitation Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114686, 978-1304114686
