At december 31 2012 and 2013 funk amp noble corporation had, Ask an Expert

Accounting

At December 31, 2012 and 2013, Funk & Noble Corporation had outstanding 680 million shares of common stock and 5 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2012 or 2013. Net income for 2013 was $584 million. The income tax rate is 40%. Calculate earnings per share for the year ended December 31, 2013. (Round your answer to 2 decimal places.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968089

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