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Net income was $70.000 for the year. Throughout the year the company had outstanding 10.000 shares of $2.00, $100 par value preferred stock and 100,000
Net income was $70.000 for the year. Throughout the year the company had outstanding 10.000 shares of $2.00, $100 par value preferred stock and 100,000 shares of common stock Required: Calculate basic earnings pet share of common stock for the year, (Round "Earnings per share-basic" to 2 decimal places.) Net Income ble for common stockholders Number of common share outstanding Earnings per share-basic
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