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18 Required information On January 1 of the current year, a company's shareholders' equity included the following . Common stock: 500,000 shares authorized: 400,000 shares
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Required information On January 1 of the current year, a company's shareholders' equity included the following . Common stock: 500,000 shares authorized: 400,000 shares issued and outstanding Preferred stock: 20,000 shares of 7%, $60 par cumulative preferred stock issued and outstanding. Additional information: . On March 1, the company sold 60,000 common shares . On November 1, the company retired 72,000 common shares . On June 1, the company distributed a 16% common stock dividend Net Income for the year was $268.800. The income tax rate was 25%. Use the information above to answer the questions below. What is the numerator of Basic EPS? Numerator of Basic EPS Step by Step Solution
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