FlintCorporation reported net income of $230,000in 2020 and had47,700shares of common stock outstanding throughout the year. Also outstanding all year were4,900shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5per share.Flint's tax rate is30%.<\/p>
<\/p>
ComputeFlint's 2020 diluted earnings per share<\/p>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting An Introduction to Concepts Methods and Uses", "isbn": "1111822239, 324639767, 9781111822231, 978-0324639766", "edition": "10th Edition", "authors": "Michael W. Maher, Clyde P. Stickney, Roman L. Weil", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/137.jpg", "uri": "\/textbooks\/managerial-accounting-an-introduction-to-concepts-methods-and-uses-10th-edition-137", "see_more_uri": "" }, "free_related_book": { "isbn": "0471745227", "uri": "\/textbooks\/hospitality-employee-management-and-supervision-concepts-and-practical-applications-1st-edition-9780471745228", "name": "Hospitality Employee Management And Supervision Concepts And Practical Applications", "edition": "1st Edition" }, "question_posted": "2024-06-17 16:40:42", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/discuss-some-of-the-techniques-available-to-reduce-risk-exposures.-solution", "description": "Discuss some of the techniques available to reduce risk exposures.", "stars": 3 }, { "url": "\/study-help\/principles-of-marketing\/what-are-the-three-questions-marketing-executives-consider-when-choosing-1684232", "description": "What are the three questions marketing executives consider when choosing a marketing channel and intermediaries? 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