ABC has 20,000 common shares outstanding throughout the year.It also had 20,000,6 percent preferred shares,par $20,(cumulative and nonconvertible)outstanding throughout the year.Net income was $300,000.The earnings per share amount would be: (Rounded to the nearest cent.)

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The Answer of ABC has 20,000 common shares outstanding throughout the year.It also had 20,000,6 percent preferred shares,par $20,(cumulative and nonconvertible)outstanding throughout the year.Net income was $300,000.The earnings per share amount would be: (Rounded to the nearest cent.)

ABC Has 20,000 Common Shares Outstanding Throughout the Year