Question
At December 31, 2019 and 2020, Company A had outstanding 40 million common shares and 6 million shares of 5%, $5 par cumulative preferred stock.
At December 31, 2019 and 2020, Company A had outstanding 40 million common shares and 6 million shares of 5%, $5 par cumulative preferred stock. Net income for 2020 was $20 million. No dividends were declared in 2020. EPS for 2020 was:
Group of answer choices
$0.50
$0.54
$0.46
$0.48
19
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
