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Indigo Inc. presented the following data. Net income $2,670,000 Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,500,000 Common stock: Shares outstanding
Indigo Inc. presented the following data.
| Net income | $2,670,000 | |
| Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible | 5,500,000 | |
| Common stock: Shares outstanding 1/1 | 822,000 | |
| Issued for cash, 5/1 | 302,400 | |
| Acquired treasury stock for cash, 8/1 | 162,000 | |
| 2-for-1 stock split, 10/1
What is earnings per share? |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
