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c - Secure https://www.chegg.com/homework-help/questions and answers/montgomery co-well-established-law-form-provided 500 hours namesed students son t Course 2020SP Manuar x o ting in Noumen trano a Montgomery Co Anx mediate Accounting with 123 - Adobe R e ader DC .com Home Tools Intermediate Acco... 16. (4 points) On December 31, 2019. Milton Company had 340,000 shares of common stock issued and outstanding. On May 31, 2020, the company sold 50,000 additional shares for cash. On July 1, 2020, the company repurchased 20,000 shares. Milton's net income for the year ended December 31, 2020 was $850,000. During 2020, Milton declared and paid $60,000 in cash dividends on its nonconvertible preferred stock. What is the 2020 basic earnings per share? 17. (3 points) Which of the following describes defined benefit pension plans? A The investment risk is bome by the employer. B. The investment risk is borne by the employee. C. The plans are simple and easy to construct. D. Retirement benefits depend on the individual's account balance. c - Secure https://www.chegg.com/homework-help/questions and answers/montgomery co-well-established-law-form-provided 500 hours namesed students son t Course 2020SP Manuar x o ting in Noumen trano a Montgomery Co Anx mediate Accounting with 123 - Adobe R e ader DC .com Home Tools Intermediate Acco... 16. (4 points) On December 31, 2019. Milton Company had 340,000 shares of common stock issued and outstanding. On May 31, 2020, the company sold 50,000 additional shares for cash. On July 1, 2020, the company repurchased 20,000 shares. Milton's net income for the year ended December 31, 2020 was $850,000. During 2020, Milton declared and paid $60,000 in cash dividends on its nonconvertible preferred stock. What is the 2020 basic earnings per share? 17. (3 points) Which of the following describes defined benefit pension plans? A The investment risk is bome by the employer. B. The investment risk is borne by the employee. C. The plans are simple and easy to construct. D. Retirement benefits depend on the individual's account balance

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