Question
In 2012, MakeBelieveCorp had operating income of $750,000 and interest expense of $27,500. Furthermore, MBC is in the 30% tax bracket, paid out $65,000 in
In 2012, MakeBelieveCorp had operating income of $750,000 and interest expense of $27,500. Furthermore, MBC is in the 30% tax bracket, paid out $65,000 in dividends to preferred shareholders, and has 517,000 of common shares outstanding. Compute MBCs 2012 EPS. a. $0.10 b. $0.84 c. $0.85 d. $0.98 e. $1.10
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Principles Of Auditing
Authors: A. Pandu
1st Edition
8189630822, 978-8189630829
