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  1. business
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  3. reporting earnings per share disclosures 5 slera i

Reporting Earnings per Share Disclosures 5 Slera inc. had 350,000 shares of common stock outstanding...

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Accounting

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Reporting Earnings per Share Disclosures 5 Slera inc. had 350,000 shares of common stock outstanding throughout the year thut declared and paid dividends of $30,000 duriog the year. The company also declared and paid dividends of 53000 on 18.000 shares of preferred stock dering the year, The company reported the following amounts in its income statement for the year ended December 31 (pretax). Required a. Prepore the eamnes per share section of the income statement for the year ended December 31, arsuming a tax rate of 25% - Use a negative sign to indicate a loss - Fner the antwers for per share amounts in dollars and cents, rounded to the neares penny. Mequired b. Repeat requirement of part a exoept now assume that the company ieported income from disconinued operations of 521,000. - Use a negaove sign to indicate a loss - Erter the answers for per stare amounts in dollars and cents. rounded to the neargit penny

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