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Assume that a company has a net income of Kshs 25 million. If the company pays out Kshs 1 million in preferred dividends and has

Assume that a company has a net income of Kshs 25 million. If the company pays out Kshs 1 million in preferred dividends and has 10 million shares for half of the year and Kshs 15 million shares for the other half. Calculate the Earnings Per Share (EPS) clearly showing your workings. (7.5marks)
b) Explain any five qualitative characteristics of accounting information.
(10marks)

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