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Income taxes (30%)427,305411,720Net income$997,045$960,680Dividends paidPreferred dividends29,50029,550Common dividends433,400413,050Total dividends paid462,900442,600Net income retained534,145518,080Retained earnings, beginning of year3,660,4803,142,400Retained earnings, end of year$4, 194,625$3,660,480(a)Your answer is incorrect.Calculate the earnings
Income taxes (30%)427,305411,720Net income$997,045$960,680Dividends paidPreferred dividends29,50029,550Common dividends433,400413,050Total dividends paid462,900442,600Net income retained534,145518,080Retained earnings, beginning of year3,660,4803,142,400Retained earnings, end of year$4, 194,625$3,660,480(a)Your answer is incorrect.Calculate the earnings per share (average of 410,000 shares outstanding for the year) for 2020. (Round answer to 2 decimalplaces, e.g. 2.55.)Earning per share$per share
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition Volume 2
1118300858, 978-1118300855
