Question
Groom Corporation had net income of $415,000 for the year ended December 31, 2001. On January 1, 2001, there were 90,000 common shares issued. Preferred
Groom Corporation had net income of $415,000 for the year ended December 31, 2001. On January 1, 2001, there were 90,000 common shares issued. Preferred dividends of $70,000 were declared and paid during 2001.
Instructions
Calculate earnings per share for Groom Corporation for the year ended December 31, 2001.
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
