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Determine how much alpha corporation should report

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Point 1: During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 6% preferred stock. For 2017, Alpha Corporation had $230,000 net income and dividends were paid only to preferred shareholders.

Problem 1: Use this information to determine how much Alpha Corporation should report for 2017 basic earnings (loss) per share for income (loss) from continuing operations. If it is a loss EPS then present the value in brackets.

Reference no: EM132476548

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