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Business, 20.09.2020 09:01 amm2795

Computing Earnings per Share Lee Corp. had 200,000 weighted average common shares outstanding in 2020 and 5,000 weighted average preferred shares outstanding in 2020. Lee Corp. reported net income of $450,000 in 2020, and declared and paid $50,000 and $10,000 of common stock and preferred stock dividends, respectively. Compute earnings per share for Lee Corp. for 2020.

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Computing Earnings per Share Lee Corp. had 200,000 weighted average common shares outstanding in 202...
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