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QS 11-15 Basic earnings per share LO A1 Epic Company earned net income of $985,000 this year. The number of common shares outstanding during the

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QS 11-15 Basic earnings per share LO A1 Epic Company earned net income of $985,000 this year. The number of common shares outstanding during the entire year was 350,000, and preferred shareholders received a $40,000 cash dividend. Compute Epic Company's basic earnings per share. Per Share Choose De or: EPS $ 985,000 Next )

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