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Pharoah Corporation had 2020 net income of $1,028,000. During 2020, Pharoah paid a dividend of $2 per share on 115,650 shares of preferred stock.
Pharoah Corporation had 2020 net income of $1,028,000. During 2020, Pharoah paid a dividend of $2 per share on 115,650 shares of preferred stock. During 2020, Pharoah had outstanding 257,000 shares of common stock. Compute Pharoah's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share $ 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
