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  3. on december 31, 2020, berclair inc. had 560 millio

On December 31, 2020, Berclair Inc. had 560 million shares of common stock and 7...

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Accounting

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On December 31, 2020, Berclair Inc. had 560 million shares of common stock and 7 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $1.050 million Required: Compute Berclair's earnings per share for the year ended December 31, 2021. (Enter your answers in millions (le, 10,000,000 should be entered as 10).) Numerator Denominator Earnings per Share

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