Question
This question was posted earlier- but the ANSWER was COMPLETELY WRONG The stockholders equity section of Culver Corporation appears below as of December 31, 2017.
This question was posted earlier- but the ANSWER was COMPLETELY WRONG
The stockholders equity section of Culver Corporation appears below as of December 31, 2017.
Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,034,700 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $364,256 were declared and paid in 2017. Dividends of $1,033,200 were declared and paid to common stockholders in 2017. Compute earnings per share data as it should appear on the income statement of Culver Corporation.(Round answers to 2 decimal places, e.g. 1.48.)
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