Net income for 2007 was 400000. for 2007 what earnings per, Ask an Expert

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At December 31, 2007 and 2006, Glass Corp. had 180,000 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 2007 or 2006. Net income for 2007 was $400,000. For 2007, what earnings per common share amounted to ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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