James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of
common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What
is the EPS for the year for James (rounded to the nearest dollar)?
Transcribed Image Text:James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?
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