Problem related to preferred shares issued

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Reference no: EM13148013

At December 31, 2012, Beta Corp had 500,000 common shares outstanding, 400,000 of which were issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2012. Net income for the year ended December 31, 2012, was $510,000. There are no preferred shares issued. Basic earnings per share for 2012 would be ??

Reference no: EM13148013

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