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Problem 1: Didde Co. had 300,000 ordinary shares issued and outstanding at December 31, 2017. No ordinary shares were issued during 2018. On January 1, 2018, Didde issued 200,000 shares of nonconvertible preference shares. During 2011, Didde declared and paid $100,000 cash dividends on the ordinary shares and $80,000 on the preference shares. Net income for the year ended. December 31, 2018 was $620,000. What should be Didde's 2018 earnings per share?
Financial Statement Analysis and Preparation
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