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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Line Item Description 20Y6 20Y5 Net income $2,534,000 $1,338,000 Preferred dividends
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
| Line Item Description | 20Y6 | 20Y5 |
|---|---|---|
| Net income | $2,534,000 | $1,338,000 |
| Preferred dividends | $50,000 | $50,000 |
| Average number of common shares outstanding | 115,000 shares | 70,000 shares |
a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
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Leading The Digital Workforce Internal Audit And IT Audit
Authors: Jeffrey W. Brown
1st Edition
1032323736, 978-1032323732
