Question
Ellen Kelly Inc. had 28,970 shares of $.50 par common stock 20,000 shares of 5%, $20 par cumulative preferred stock and 12,000 shares of 5%,
Ellen Kelly Inc. had 28,970 shares of $.50 par common stock 20,000 shares of 5%, $20 par cumulative preferred stock and 12,000 shares of 5%, $10 par preferred stock convertible into 4,700 common shares. Net income after taxes was $54,228. No dividends were declared during the year. Diluted EPS would be:
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Audit Quality Association Between Published Reporting Errors And Audit Firm Characteristics
Authors: Jonas Tritschler
2014 Edition
3658041730, 978-3658041731
