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For 2014 Kuhl Corporation reported net income of $28; average common shares issued 16; 1...

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Accounting

For 2014 Kuhl Corporation reported net income of $28; average common shares issued 16; 1 treasury share, and 4 preferred shares. Preferred shares received $3 dividends. What was Kuhl's basic earnings per share?

A. 1.40

b. 1.67

c. 1.75

d. 1.05

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