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please help (10) On December 31, 2020, the Bennett Company had 110,000 shares of common stock issued and outstanding. On July 1,2021 , the company
please help (10)
On December 31, 2020, the Bennett Company had 110,000 shares of common stock issued and outstanding. On July 1,2021 , the company sold 16,000 additional shares for cash. Bennett's net income for the year ended December 31,2021 , was $620,000. During 2021 , Bennett declared and paid $89,000 in cash dividends on its nonconvertible preferred stock. What is the 2021 basic earnings per share? Multiple Choice $5.25. $4.83. $4.50. None of these answer choices are correctStep by Step Solution
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