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Exercise 13-20 Computing earnings per share A1 Check (2) 53.41 Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on
Exercise 13-20 Computing earnings per share A1 Check (2) 53.41 Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on its pre- ferred stock for the year. At year-end, the company had 678,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? 2. What is the company's basic EPS?
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Financial Reporting & Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
11th edition
324657420, 978-0324657425
