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Business, 28.01.2020 04:31 koryn4880

Ute co. had the following capital structure during year 1 and year 2: preferred stock, $10 par, 4% cumulative, 25,000 shares issued and outstanding $ 250,000 common stock, $5 par, 200,000 shares issued and outstanding 1,000,000 the preferred stock is not convertible. ute reported net income of $500,000 for the year ended december 31, year 2. ute paid no preferred dividends during year 1 and paid $16,000 in preferred dividends during year 2. in its december 31, year 2, income statement, what amount should ute report as basic earnings per share?

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Ute co. had the following capital structure during year 1 and year 2: preferred stock, $10 par, 4%...
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