Unique Corp. had 70,000 shares of $7 preferred stock, $100 par, and 120,000 shares of...
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Accounting
Unique Corp. had 70,000 shares of $7 preferred stock, $100 par, and 120,000 shares of $1 par common stock outstanding throughout the year. Net income for the year was $760,000, and Unique declared and distributed a cash dividend of $6.0 per share on its common stock. Earnings per share amounted to:
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