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June Corporation had net income of $ 3 4 5 , 0 0 0 , 1 , 5 0 0 , 0 0 0 common

June Corporation had net income of $345,000,1,500,000 common shares outstanding, and no preferred shares. Neptune Corporation had net income of $505,000,2,000,000 common shares outstanding, and preferred shares entitled to a $40,000 dividend when declared. Which of the following statements is true:Select one: a. Neptune and June have substantially similar earnings per share b. Neptune's basic earnings per share exceeds June's basic earnings per share by 2 cents per share c. June's basic earnings per share is 1.5 times higher than Neptune's basic earnings per share d. Neptune's preferred shareholders are better off than their common shareholders

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