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ABC Corporation has 2,000 shares, 10% preferred stock of $50 par, and 6,000 shares of...

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Accounting

ABC Corporation has 2,000 shares, 10% preferred stock of $50 par, and 6,000 shares of common stock outstanding. The net income for the year is $250,000. Earnings per share. is A) $50 B) $40 C) $42 D) $125

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