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Show all of your work for the following a) Marie's Swimsuit Company had 70,000 common shares outstanding. The company has no preferred shares but paid

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a) Marie's Swimsuit Company had 70,000 common shares outstanding. The company has no preferred shares but paid a $2 per share dividend to all common shareholders. If net income was $140,000, earnings per share equals [6] b) ABC Industries had 300,000 common shares and 10,000 preferred shares throughout 2002. The preferred shares are not cumulative and received dividends of $40,000 for the year. If net income was $250,000, earnings per share equals c) Morgan Corporation declared, but had not yet paid, dividends on the 10,000 shares of $2 no par value cumulative preferred shares, issued at $10 per share The number of common shares and net income for the year were 50,000 shares and $70,000, respectively. Earnings per share equals

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