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Ecker Company reports $1,700,000 of net income and declares $238,000 of cash dividends on its preferred stock for the year. At year- end, the
Ecker Company reports $1,700,000 of net income and declares $238,000 of cash dividends on its preferred stock for the year. At year- end, the company had 320,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? 2. What is the company's basic earnings per share (EPS)?
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Financial Accounting Information for Decisions
Authors: John J. Wild
8th edition
125953300X, 978-1259533006
