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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
The following information was available for Lake, Inc.:
   Net income   $ 48,000
   Preferred dividend requirements   $      200
   Extraordinary gain, net of tax   $   1,000
   Common stock outstanding   30,100
   Weighted average common stock outstanding   30,000
   Dilutive shares   800
What is Lake, Inc.'s basic earnings per share before extraordinary gain?
A) $1.59
B) $1.60
C) $1.56
D) $1.55
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
Author:
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suryoyosuryoyo
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7 years ago
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LiChan Author
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7 years ago
Wow!
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7 years ago
Excellent, happy for you Smiling Face with Open Mouth
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