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A corporation has 3,000 shares, 10% preferred stock of S60 par and 7,000 shares of common stock outstanding. The net income for the year is

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A corporation has 3,000 shares, 10% preferred stock of S60 par and 7,000 shares of common stock outstanding. The net income for the year is S30 0.000 Calculate earnings per share. OA $60 O B. $100 O C. $43 OD. $40

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