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Skysong Inc. presented the following data. Net income $2,470,000 Preferred stock:52,000shares outstanding, $100 par,8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 736,800
Skysong Inc. presented the following data. Net income $2,470,000 Preferred stock:52,000shares outstanding, $100 par,8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 736,800 Issued for cash, 5/1 315,600 Acquired treasury stock for cash, 8/1 134,400 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
