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Business, 06.05.2020 06:10 dieulynx6111

Rothstein Corp. had the same capital structure in 2021 and 2022, consisting of the following: Preferred stock, $12 par, 5% cumulative, 20,000 shares issued and outstanding$240,000 Common stock, $6 par, 250,000 shares issued and outstanding 1,500,000 Rothstein reported net income of $600,000 for 2022. No preferred dividends were paid during 2021, but Rothstein paid $20,000 in preferred dividends in 2022. In its 2022 income statement what amount should Rothstein report as basic earnings per share?

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