Strait Company has outstanding shares as follows: 16,000 common shares and 5,000 preferred shares. What...
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Accounting
Strait Company has outstanding shares as follows: 16,000 common shares and 5,000 preferred shares. What is the number of shares that should be used in the denominator to compute earnings per share?
A- 16,000
B - 21,000
C - 11,000
D - 5,000
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