Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Textbook Question
Chapter 16, Problem 8RE
Given the following year-end information for Somerset Corporation, compute its basic earnings per share.
- Net income, $13,000
- Preferred dividends declared, $4,000
- Weighted average common shares for the year, 4,500
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Intermediate Accounting: Reporting And Analysis
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