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Calculate basic earnings per share of common stock

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Reference no: EM133155006

Question - Calculate basic EPS - Net income was $323,500 for the year. Throughout the year the company had outstanding 25,000 shares of $2.50, $50 par value preferred stock and 116,000 shares of common stock. Calculate basic earnings per share of common stock for the year.

Reference no: EM133155006

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