Zanzibar inc. had 2000 shares of 6 preferred stock 100 par, Ask an Expert

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Zanzibar, Inc., had 2,000 shares of $6 preferred stock $100 par, and 30,000 shares of common stock outstanding throughout 2002. In 2002, Zanzibar declared a dividend of $6 per share on its common stock. Compute earnings per share for 2002 if Zanzibar's income statement showed net income of $240,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940330

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