HarborTech Corporation reported a net income of $1,820,000 for the year. It paid $95,000 in preferred dividends and had 455,000 weighted-average shares of common stock outstanding. Calculate HarborTech's earnings per share (EPS).

HarborTech Corporation reported a net income of $1,820,000 for the year. It paid $95,000 in preferred dividends and had 455,000 weighted-average shares of common stock outstanding. Calculate HarborTech's earnings per share (EPS).

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...

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Question

Please provide the answer to this financial accounting question using the right approach.

HarborTech Corporation reported a net income of $1,820,000 for the year. It paid
$95,000 in preferred dividends and had 455,000 weighted-average shares of common
stock outstanding.
Calculate HarborTech's earnings per share (EPS).

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