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Question - net income was 659250 for the year required

Question - Net income was $659,250 for the year. Throughout the year the company had outstanding 18,000 shares of $2.50. $50 par value preferred stock and 105,000 shares of common stock.

Required: Calculate basic earnings per share of common stock for the year.

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Accounting Basics: Question - net income was 659250 for the year required

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Accounting Basics: Question - net income was 659250 for the year required

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