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E16-18B (EPS: Simple Capital Structure) NuCorp presented the following data. Net income $ 5,800,000 Bonds: 10%, $750,000 par value 738,500 Preferred stock: 100,000 shares outstanding, $100 par, 8% cumulative, not convertible 10,000,000 Common stock: Share

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E16-18B (EPS: Simple Capital Structure) NuCorp presented the following data.;Net income $ 5,800,000;Bonds: 10%, $750,000 par value 738,500;Preferred stock: 100,000 shares outstanding;$100 par, 8% cumulative, not convertible 10,000,000;Common stock: Shares outstanding 1/1 500,000;Issued for cash, 4/1 800,000;Issued 40% stock dividend, 10/1;Instructions;Compute earnings per share.

 

Paper#78642 | Written in 18-Jul-2015

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