Question 9 Daytona Corporation had 800,000 shares of common stock outstanding during the year. Daytona declared...

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business accounting

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Answer 1

Answer #1

Answer:

Option 2nd is correct. i.e $1.80 per share.

Earning per share = (Net Income-preferred dividend)/Average Common stock outstanding

= $(1760,000-320,000)/800,000 Shares

Earning per share = $1.8 per share

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Answer 2

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