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Mattoon, Incorporated, owns 8 0 percent of Effingham Company. For the current year, this combined entity reported consolidated net income of $ 7 1 1
Mattoon, Incorporated, owns percent of Effingham Company. For the current year, this combined entity reported consolidated net income of $ Of this amount, $ was attributable to Mattoons controlling interest while the remaining $ was attributable to the noncontrolling interest. Mattoon has shares of common stock outstanding, and Effingham has shares outstanding. Neither company has issued preferred shares or has any convertible securities outstanding. On the face of the consolidated income statement, how much should be reported as Mattoons earnings per share?
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