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Budd, Inc. reported net income of $250,000 for the year, declared $10,000 in preferred dividends (noncumulative) and $5,000 in dividends to common shareholders. The
Budd, Inc. reported net income of $250,000 for the year, declared $10,000 in preferred dividends (noncumulative) and $5,000 in dividends to common shareholders. The company's weighted average common shares outstanding for the year was 100,000. What is the company's basic earnings per share for the year? $2.40/share $2.50/share $2.60/share $2.35/share
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Human Resource Management
Authors: John Bernardin
6th Edition
978-0078029165, 0078029163
