Question
Presented below are selected data from the financial statements of FIT Company for 2020 and 2019: Year 2020 Net income 230,000, Cash dividends paid on
Presented below are selected data from the financial statements of FIT Company for 2020 and 2019: Year 2020 Net income 230,000, Cash dividends paid on Preferred shares 28,000, Cash dividends paid on common shares 100,000 and Weighted number of Common stock outstanding 245,000. Year 2019 Net income 200,000, Cash dividends paid on Preferred shares 12,000, Cash dividends paid on common shares 42,000 and Weighted number of Common stock outstanding 105,000. Earnings per share is reported on 2020 income statement as?Presented below are selected data from the financial statements of FIT Company for 2020 and 2019: Year 2020 Net income 230,000, Cash dividends paid on Preferred shares 28,000, Cash dividends paid on common shares 100,000 and Weighted number of Common stock outstanding 245,000. Year 2019 Net income 200,000, Cash dividends paid on Preferred shares 12,000, Cash dividends paid on common shares 42,000 and Weighted number of Common stock outstanding 105,000. Earnings per share is reported on 2020 income statement as?
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