At december 31 2013 and 2012 g co had 66000 shares of, Ask an Expert

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At December 31, 2013 and 2012, G Co. had 66,000 shares of common stock and 6,500 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2012. Net income for 2013 was $580,000. For 2013, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)

a) $8.00

b) $8.00

c) $8.00.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406043

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