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What is Aubie Co.'s Earnings Per Share for Net Income? If Aubie Co. had Income from Continuing Operations of $800,000, Discontinued Operations of $(39,000) (before
What is Aubie Co.'s Earnings Per Share for Net Income?
If Aubie Co. had Income from Continuing Operations of $800,000, Discontinued Operations of $(39,000) (before tax), and Unrealized Gain from Debt Securities of $1,000. Assuming a 30% tax rate. Average common shares outstanding during the year were 100,000 shares. Aubie declared the following dividends during the year: common stock $10,000 and preferred stock $20,000Step by Step Solution
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