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Effect of financing on earnings per share bonds payable 10%(issued at face. Amount) 1,950,000 preferred $1 stock,$10 par Common stock, $25 par determine the earnings
Effect of financing on earnings per share bonds payable 10%(issued at face. Amount) 1,950,000 preferred $1 stock,$10 par Common stock, $25 par determine the earnings per share in common stock assuming that the income before bonds interests and income tax is (a)$624,000(b)$819,000(c)$1,014,000
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