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On December 31, 2005, Merlin Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). On February
| On December 31, 2005, Merlin Company had outstanding 400,000 shares of common stock and 40,000 shares of | |||||||||||||
| 8% cumulative preferred stock (par $10). On February 28, 2006, Merlin issued an additional 36,000 shares of common stock. | |||||||||||||
| On September 1, 2006, 9,000 shares were retired. Net income was $900,000. A 10% stock dividend was | |||||||||||||
| declared and distributed on July 1, 2006 | |||||||||||||
| What is the basic EPS for the year ended December 31, 2006 for Merlin Company? | |||||||||||||
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Tax Audit Techniques In Cash Based Economies A Practical Guide
Authors: Sheikh Sajjad Hassan
2nd Edition
0955354048, 978-0955354045
