Solved: Ecker company reports 2700000 of net income for 2013 and, Accounting Basics

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Ecker company reports 2700000 of net income for 2013 and

Ecker Company reports $ 2,700,000 of net income for 2013 and declares $ 388,020 of cash dividends on its preferred stock for 2013. At the end of 2013, the company had 678,000 weighted average shares of common stock.

1. What amount of net income is available to common stockholders for 2013?
2. What is the company's basic EPS for 2013?

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Accounting Basics: Ecker company reports 2700000 of net income for 2013 and

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Accounting Basics: Ecker company reports 2700000 of net income for 2013 and

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