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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income Preferred dividends Average number of
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 20Y6 $1,544,000 $2,489,500 $40,000 $40,000 80,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Earnings per Share 20Y5 20Y6 $ b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang
1st edition
78025494, 978-0078025495
