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Epic Company earned net income of $996,500 this year. There were 470,000 weighted-average common shares outstanding, and preferred shareholders received a $33,000 cash dividend. Compute Epic Company's basic earnings per share. Choose Numerator: Basic Earnings Per Share Choose Denominator: W N Basic EPS Basic EPS per share

Epic Company earned net income of $996,500 this year. There were 470,000 weighted-average common shares outstanding, and preferred shareholders received a $33,000 cash dividend. Compute Epic Company's basic earnings per share. Choose Numerator: Basic Earnings Per Share Choose Denominator: W N Basic EPS Basic EPS per share

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QS 11-23 (Algo) Basic earnings per share LO A1 Epic Company earned net income of $996,500 this year. There were 470,000 weighted-average common shares outstanding, and preferred shareholders received a $33,000 cash dividend. Compute Epic Company's basic earnings per share. Choose Numerator: Basic Earnings Per Share Choose Denominator: Basic EPS Basic EPS per share
Transcribed Image Text:QS 11-23 (Algo) Basic earnings per share LO A1 Epic Company earned net income of $996,500 this year. There were 470,000 weighted-average common shares outstanding, and preferred shareholders received a $33,000 cash dividend. Compute Epic Company's basic earnings per share. Choose Numerator: Basic Earnings Per Share Choose Denominator: Basic EPS Basic EPS per share
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