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Mno company has 200000 common share outstanding for the

MNO Company has 200,000 common share outstanding for the year and net income of $400,000. It has 20,000 stock options and 20,000 shares of $100, 6% cumulative preferred stock, both of which were outstanding for the entire year. Compute basic and diluted EPS.

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Accounting Basics: Mno company has 200000 common share outstanding for the

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Accounting Basics: Mno company has 200000 common share outstanding for the

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