po In 2021, Logic Co. reported net income of $3,345,000. It also declared and paid $813,000 individends, $368,000 of which was to preferred stockholders. At the beginning of the year, the companyreported common stock shares outstanding of 4,158,000. By the end of the year, their common stock sharesoutstanding had increased to 8,316,000. Based on this information, what will Logic Co. report as EPS for2021? (AC 16)O $0.20O $0.48O $0.41O $0.36

Answered: outstanding had increased to 8,31

Business

Accounting

outstanding had increased to 8,31

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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