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Compute hardaway earnings per share for the year ended dec

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Reference no: EM132885164

Hardaway Fixtures' balance sheet at December 31, 2020, included the following:

Shares issued and outstanding: Common stock, $1 par $800,000

Nonconvertible preferred stock, $50 par 20,000

On July 21, 2021, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $50,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2021, was $2,000,000.

Required:

Problem 1: Compute Hardaway's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations.)

Reference no: EM132885164

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