Question
Oriole Corporation had 2020 net income of $1.7 million. During 2020, Oriole paid a dividend of $3 per share on 96,000 preferred shares. Oriole
Oriole Corporation had 2020 net income of $1.7 million. During 2020, Oriole paid a dividend of $3 per share on 96,000 preferred shares. Oriole also had 200,000 common shares outstanding during the year. Calculate Oriole's 2020 earnings per share. (Round answer to 2 decimal places, eg. 15.25.) Earnings per share $
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
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