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Business, 07.07.2020 14:01 ozheng24112

At December 31, 2020 Sunland Company had 200000 shares of common stock and 10600 shares of 7%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On February 10, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Sunland declared a 100% stock dividend on its common stock. Net income for 2021 was $960000. In its 2021 financial statements, Sunland’s 2021 earnings per common share should be:$4.47.$4.20.$2.21.$1.29.

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At December 31, 2020 Sunland Company had 200000 shares of common stock and 10600 shares of 7%, $100...
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