The following information pertains to ABC Corp.’s outstanding


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May 07, 2014. The following information pertains to ABC Corp.’s outstanding stock for 2008: The net income was $250,000. Common stock, $1 par value Shares outstanding, 1/1/08 10,000 2-for-1 stock split, 4/1/08 10,000 Shares issued, 8/1/08 5,000 Preferred stock, $20 par value, 6% cumulative Shares outstanding, 1/1/08 4,000 How many shares should ABC Corp. use to calculate 2008 basic EPS? How much is basic earnings per share? agness3
posted a question · May 07, 2014 at 1:44pm

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