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Problem:

Corporation reported net income for the current year of $700,000. Corp had 5,000 shares of $100 par value, 10% preferred stock outstanding and 40,000 shares of !1 par value common stock outstanding for the entire year.

Required:

Question: What were earning per share?

Note: Provide support for your rationale.

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Category:- Basic Finance
Reference No.:- M91162877

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