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Determine the basic earnings per share

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Question - At December 31, 2021 and 2020, Cow Co. had 113,000 shares of common stock and 6,300 shares of 4%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock In 2021 or 2020. Net income for 2021 was $630,000. For 2021, determine the basic earnings per share?

Reference no: EM133134658

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