Question

Computing earnings per share

HEB Corporation had net income for 2018 of $60,450. HEB had 15,500 shares of common stock outstanding at the beginning of the year and 20,100 shares of common stock outstanding as of December 31, 2018. During the year, HEB declared and paid preferred dividends of $2,600. Compute HEB’s earnings per share.

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Intermediate Accounting: Reporting And Analysis
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Publisher: Cengage Learning
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