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During the Current Year, Darnsworth Company Had 50,000 Shares of $10

Question 45

Essay

During the current year, Darnsworth Company had 50,000 shares of $10 par value common stock and 7,000 shares of 8%, $30 par value convertible preferred stock outstanding. Darnsworth Company's net income was $450,000.
Compute earnings per share for the year.

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EPS: [$450,000 - (7,...

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