Question
Net income for Malt Corporation for 2017 is $426,800. Malt issued 17,000 common shares and 2,000 shares of $2, cumulative preferred shares on January 1
Net income for Malt Corporation for 2017 is $426,800. Malt issued 17,000 common shares and 2,000 shares of $2, cumulative preferred shares on January 1 of 2017. On November 1 of 2017, Malt Corporation reacquired and cancelled 3,100 of its common shares. No other share transactions occurred in 2017. What is earnings per share for 2017?
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Management Information Systems Managing the digital Firm
Authors: Kenneth C. Laudon, Carol Guercio Traver
14th edition
