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Compute the basic earnings per share for the year

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Question - On January 1, a corporation had 10,500 shares of common stock outstanding. On August 1, it sold an additional 6,000 shares. During the year, dividends of $56,050 were declared and paid on preferred stock. Net income for the year was $240,000. Compute the basic earnings per share for the yea?

Reference no: EM132869388

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