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demerska demerska
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Hornet Motors reported $535,000 net income for the current year. Beginning common shares outstanding were 160,000. Hudson also had 10,000, 6% nonconvertible, cumulative, $100 par value preferred shares outstanding for the entire year.  No cash dividends were declared but Hornet did declare and distribute a 10% stock dividend on common shares on July 1.  Compute basic earnings per share. (Round your answer to the nearest cent.)
A) $3.38
B) $3.04
C) $2.97
D) $2.70
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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husnehusne
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demerska Author
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Thank you
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