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Brown Corp. had 25,000 shares of 8% preferred stock, $100 par, and 500,000 shares of $1 par common stock outstanding throughout the year. Net income
Brown Corp. had 25,000 shares of 8% preferred stock, $100 par, and 500,000 shares of $1 par common stock outstanding throughout the year. Net income for the year was $2,200,000, and Brown declared and distributed a cash dividend of $3 per share on its common stock. Earnings per share amounted to : A) $1.60 B) $4.40 C) $4.00 D)$2.00
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