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At December 31, 2021 and 2022, Frist Company had outstanding 50 million common shares and...

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Accounting

At December 31, 2021 and 2022, Frist Company had outstanding 50 million common shares and 4 million shares of 10%, $10 par cumulative preferred stock. Net income for 2022 was $20 million. No dividends were declared in 2022. EPS for 2022 was: Multiple Choice $0.32. $0.37. $0.40. $0.48.

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