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Dividends declared and paid during the year amounted to

Question - Blanco, Inc. has a net income of $300,000 for 2017, and there are 200,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $40,000 on the preferred stock and $60,000 on the common stock. The earnings per share for 2017 is?

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Accounting Basics: Dividends declared and paid during the year amounted to

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