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8 For 2010, Stoneland Corporation reported net income, $24,000; sales, $400,000, sales returns and allowances $20,000. COGS in 2010 was $80,000. Average number of
8 For 2010, Stoneland Corporation reported net income, $24,000; sales, $400,000, sales returns and allowances $20,000. COGS in 2010 was $80,000. Average number of shares outstanding was 10,000. There were no preferred stock dividends. What was the 2010 earnings per share and gross profit rate? (2 punti) $4.00 / 79% $2.40/84% O $2.40 / 79% $16.67 / 84%
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
131588141, 978-0131588141
