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Financial statement data for the year ending December 31 for Langford Company are as follows: Net income $450,000 Preferred dividends $50,000 80,000 shares Average number

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Financial statement data for the year ending December 31 for Langford Company are as follows: Net income $450,000 Preferred dividends $50,000 80,000 shares Average number of common shares outstanding Compute the earnings per share for the year, a. $6.25 O b. $5.63 O c. $5.00 O d. None of these choices are correct

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