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On January 1, a corporation had 10,500 shares of common stock outstanding.On August 1, it sold an additional 6,000 shares.During the year, dividends of $56,050
On January 1, a corporation had 10,500 shares of common stock outstanding.On August 1, it sold an additional 6,000 shares.During the year, dividends of $56,050 were declared and paid on preferred stock.Net income for the year was $240,000.The basic earnings per share for the year was?
$17.52 per share
$14.15 per share
$11.15 per share
$22.86 per share
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