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Calculate earnings per share information as it should appear

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Reference no: EM132833559

Question - At December 31, 2020, Marigold Corporation had the following shares outstanding: 9% cumulative preferred shares, 103,900 shares outstanding $10,390,000

Common shares, 4,200,000 shares outstanding 21,000,000

During 2020, the corporation's only share transaction was the issuance of 390,000 common shares on April 1. During 2020, the following also occurred:

Income from continuing operations before tax $22,620,000

Discontinued operations (loss before tax) 3,163,000

Preferred dividends declared 935,100

Common dividends declared 2,110,000

Effective tax rate 38%

Required - Calculate earnings per share information as it should appear in the financial statements of Marigold Corporation for the year ended December 31, 2020?

Reference no: EM132833559

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