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Business, 28.05.2021 01:10 baca23jasmine

At December 31, 2007 Polk Company had 300,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2007 or 2008. On January 30, 2008, Polk declared a 100% stock dividend on its common stock. Net income for 2008 was $950,000. In its 2008 financial statements, Polk's 2008 earnings per common share should be

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At December 31, 2007 Polk Company had 300,000 shares of common stock and 10,000 shares of 5%, $100 p...
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