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Question 9 of 12 < > View Policies Current Attempt in Progress The stockholders' equity section of Hendly Corporation appears below as of December
Question 9 of 12 < > View Policies Current Attempt in Progress The stockholders' equity section of Hendly Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 100,000 shares, outstanding 90,000 shares Common stock, $1.00 par, authorized and issued 10,000,000 shares Additional paid-in capital Retained earnings Net income $4,500,000 10,000,000 20,500,000 $134,000,000 33,000,000 167,000,000 $202,000,000 -/1 !!! Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $360,000 were declared and paid in 2020. Dividends of $1,000,000 were declared and paid to common stockholders in 2020. Compute earnings per share data as it should appear on the income statement of Hendly Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Net Income/(Loss) $ Save for Later Attempts: 0 of 5 used Submit Answer
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