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Business, 09.12.2019 21:31 ayoismeisalex

Net income $2,540,000 preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,400,000 common stock: shares outstanding 1/1 718,800 issued for cash, 5/1 328,800 acquired treasury stock for cash, 8/1 165,600 2-for-1 stock split, 10/1 compute earnings per share. (round answer to 2 decimal places, e. g. $2.55.) earnings per share

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Net income $2,540,000 preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not conv...
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