At december 31 2010 and 2009 glass corp had 120000 shares, Ask an Expert

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At December 31, 2010 and 2009, Glass Corp, had 120,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2010 or 2009. Net income for 2010 was $400,000. For 2010, earnings per common share amounted to:

a. $3.33

b. $2.92

c. $2.50

d.$1.67

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Accounting Basics, Accounting

Category:- Accounting Basics
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