Question
At December 31, 2024, Connor Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,796 shares $10,795,600 Common stock, $5 par, 4,068,220
At December 31, 2024, Connor Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,796 shares $10,795,600 Common stock, $5 par, 4,068,220 shares. $20,341,100
During 2025, Connor did not issue any additional common stock. The following also occurred during 2025.
Income from continuing operations before taxes. $22,234,700. Discontinued operations (loss before taxes). $3,457,200. Preferred dividends declared. 1,079,560 Common dividends declared. 2,404,100 Effective tax rate 35%
Compute earnings per share data as it should appear in the 2025 income of Connor Corporation.
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