Powder corporation declared but had not yet paid dividends, Financial Accounting

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Powder corporation declared but had not yet paid dividends

Powder Corporation declared, but had not yet paid, dividends on the 10,000 shares of 6%, $10 par value cumulative preferred stock it had outstanding for the year. The weighted average number of common shares outstanding and net income for the year were 50,000 shares and $90,000, respectively. Earnings per share equals:

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Financial Accounting: Powder corporation declared but had not yet paid dividends

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Financial Accounting: Powder corporation declared but had not yet paid dividends

Reference No:- TGS01151499

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