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Question 5 At December 31, 2020, Martinez Corporation had the following shares outstanding: 10% cumulative preferred shares, 112,200 shares outstanding Common shares, 3,840,000 shares outstanding
Question 5 At December 31, 2020, Martinez Corporation had the following shares outstanding: 10% cumulative preferred shares, 112,200 shares outstanding Common shares, 3,840,000 shares outstanding $11,220,000 19,200,000 During 2020, the corporation's only share transaction was the issuance of 460,000 common shares on April 1. During 2020, the following also occurred: Income from continuing operations before tax Discontinued operations (loss before tax) Preferred dividends declared Common dividends declared Effective tax rate $23,870,000 3,197,000 1,122,000 2,130,000 30% Calculate earnings per share information as it should appear in the financial statements of Martinez Corporation for the year ended December 31, 2020. (Round 52.75.)
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