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please show work At December 31, 2019, Novak Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,214 shares Common stock, $5
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At December 31, 2019, Novak Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,214 shares Common stock, $5 par, 4,029,700 shares $10,821,400 20,148,500 During 2020, Novak did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $22,695,800 $3,396,000 $1,082,140 $2,098,800 35 % Compute earnings per share data as it should appear in the 2020 income statement of Novak Corporation. decimal places, e.g. 1.48.) Earnings Per Share Income from Continuing Operations LA 3.39 Discontinued Operations .54 i Net Income /(Loss) $ 2.85 e Textbook and Media Step by Step Solution
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