Solved: For 2007 mossland corporation reported net income of 28000, Accounting Basics

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For 2007 mossland corporation reported net income of 28000

Question - For 2007, Mossland Corporation reported net income of $28,000, net sales of $400,000, and average shares outstanding 6,000. There were no preferred stock dividends. What were the 2007 earnings per share?

A. $14.86

B. $4.67

C. $66.67

D. $0.25

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Accounting Basics: For 2007 mossland corporation reported net income of 28000

Reference No:- TGS02561385

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Accounting Basics: For 2007 mossland corporation reported net income of 28000

Reference No:- TGS02561385

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