Question
Net income was $321,100 for the year. Throughout the year the company had outstanding 26,000 shares of $2.00, $100 par value preferred stock and 117,000
Net income was $321,100 for the year. Throughout the year the company had outstanding 26,000 shares of $2.00, $100 par value preferred stock and 117,000 shares of common stock.
Calculate basic earnings per share of common stock for the year.(Round "Earnings per share-basic" to 2 decimal places.)
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
