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    Fundamental Accounting Principles Study Set 5
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    Exam 13: Accounting for Corporations
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    Sparrow Company Had Net Income of $63,000
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Sparrow Company Had Net Income of $63,000

Question 196

Question 196

True/False

Sparrow Company had net income of $63,000. The company had 9,000 weighted average ordinary shares outstanding. The basic earnings per share equal $7.00 per share.

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