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Compute blues earnings per common share

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At December 31, 2017, Blue Company had 690,000 shares of common stock issued and outstanding, 460,000 of which had been issued and outstanding throughout the year and 230,000 of which were issued on October 1, 2017. Net income for 2017 was $1,940,000, and dividends declared on preferred stock were $380,000.

Compute Blue's earnings per common share.

Reference no: EM132325899

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