No dividends were declared or paid in 2016 net income was


At December 31, 2016, Hansen Corporation had 52,000 shares of common stock and 5,000 shares of 11%, $100 par cumulative preferred stock outstanding. No dividends were declared or paid in 2016. Net income was reported as $170,000. What is basic EPS?

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Accounting Basics: No dividends were declared or paid in 2016 net income was
Reference No:- TGS02598730

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