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Tonga Corporation_Computation of EPS

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Question;Tonga Corporation had 340,000 shares of common stock outstanding;on January 1, and 400,000 shares of common stock outstanding on December 31.;Their net income is $880,000 and they paid $10,000 in preferred dividends.;Compute Tonga's earnings per share as of December 31.

 

Paper#44638 | Written in 18-Jul-2015

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