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During the current year, the Biscuit Company generated net income of $700,000. The company has25,000 shares of 6%, $60 preferred stock and 100,000 shares of
During the current year, the Biscuit Company generated net income of $700,000. The company has25,000 shares of 6%, $60 preferred stock and 100,000 shares of $2 stated value common stockoutstanding. Earnings per share for the current year is
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