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  3. 19. laurelli builders (lb) reported the following

19. Laurelli Builders (LB) reported the following fi nancial data for year-end December 31: ...

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Accounting

19. Laurelli Builders (LB) reported the following fi nancial data for year-end December 31:
Common shares outstanding, January 12,020,000
Common shares issued as stock dividend, June 1380,000
Warrants outstanding, January 1500,000
Net income $3,350,000
Preferred stock dividends paid $430,000
Common stock dividends paid $240,000
Which statement about the calculation of LBs EPS is most accurate?
A . LBs basic EPS is $1.12.
B . LBs diluted EPS is equal to or less than its basic EPS.
C . Th e weighted average number of shares outstanding is 2,210,000

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