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Question 17 ABC Corporation reports the following information: Net income $115,000 Dividends on preference shares 10,000 Dividends on ordinary shares 5,000 Shares outstanding 50,000 ABC

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Question 17

ABC Corporation reports the following information: Net income $115,000 Dividends on preference shares 10,000 Dividends on ordinary shares 5,000 Shares outstanding 50,000 ABC should report earnings per share of A. $2.20 B. $2.00 C. $2.10 D. $2.30

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