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Question(s) / Instruction(s):

A corporation reports net income of $100,000 for the current year. The corporation has 10,000 shares of cumulative, 10%, $50 preferred stock and 55,000 shares of $10 par common stock outstanding all of the year. What is earnings per share?  

a)            Earnings per share is $1.00.  

b)            Earnings per share is $.50.  

c)            Earnings per share is $1.81.  

d)            Earnings per share is $.91.  


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