Solution-Calculate basic earnings per share

Calculate basic earnings per share

Reference no: EM13911433

Net income was $329,550 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.

Reference no: EM13911433

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Calculate basic earnings per share : Net income was $329,550 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.

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Calculate basic earnings per share

Reference no: EM13911433

Reference no: EM13911433

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