Discuss the basic earnings per share of common stock, Accounting Basics

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Discuss the basic earnings per share of common stock

Ringemup, Inc., had net income of $471,700 for its fiscal year ended October 31, 2010. During the year the company had outstanding 37,900 shares of $3.60, $55 par value preferred stock, and 107,000 shares of common stock.

Calculate the basic earnings per share of common stock for fiscal 2010. (Round your answer to 2 decimal places.

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Accounting Basics: Discuss the basic earnings per share of common stock

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Accounting Basics: Discuss the basic earnings per share of common stock

Reference No:- TGS0707899

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Discuss the basic earnings per share of common stock

Reference No:- TGS0707899

Recent Questions Asked Accounting Basics

Q : What steps are taken to find your answer

Q : Compute the amount of goodwill recognized

Q : What was the approx amt of it alleged revenu overstated

Q : Prepare the journal entry to record fogelberg

Q : Discuss the basic earnings per share of common stock

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Q : Lynn doyle is the owner and operator

Q : Determine the inventory balances at the end of first month

Q : Use function key to find sum

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