Multiple Choice
At December 31,2016,Hansen Corporation had 50,000 shares of common stock and 5,000 shares of 6%,$100 par cumulative preferred stock outstanding.No dividends were declared or paid in 2016.Net income was reported as $200,000.What is basic EPS?
A) $4.00.
B) $3.40.
C) $3.64.
D) $4.02.
Correct Answer:
Verified
Correct Answer:
Verified
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