Reference no: EM132995725
Current Attempt in Progress
At December 31, 2019, Nash Corporation had the following stock outstanding.
10% cumulative preferred stock, $ 100 par, 109,280 shares $ 10,928,000
Common stock, $ 5 par, 4,059,600 share s20,298,000
During 2020, Nash did not issue any additional common stock. The following also occurred during 2020.
Income from continuing operations before taxes $ 22,933,300
Discontinued operations (loss before taxes) $ 3,440,800
Preferred dividends declared $ 1,092,800
Common dividends declared $ 2,115,800
Effective tax rate 35%
Problem 1: Compute earnings per share data as it should appear in the 2020 income statement of Nash Corporation.
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