Net income was $281,300 for the year. Throughout the year the company had outstanding 22,000...
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Accounting
Net income was $281,300 for the year. Throughout the year the company had outstanding 22,000 shares of $2.00, $100 par value preferred stock and 113,000 shares of common stock. Required: Calculate basic earnings per share of common stock for the year. Note: Round "Earnings per share-basic" to 2 decimal places
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