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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 18
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: 
Computing Earnings per Share
Refer to the information for Somerville Company on the previous page.
Required:
Note: Round answers to two decimal places.
1. Compute the dollar amount of preferred dividends.
2. Compute the number of common shares.
3. Compute earnings per share.
Computing Earnings per Share
Refer to the information for Somerville Company on the previous page.
Required:
Note: Round answers to two decimal places.
1. Compute the dollar amount of preferred dividends.
2. Compute the number of common shares.
3. Compute earnings per share.
Explanation
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Computation of preferred divid...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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