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Business, 25.01.2021 20:50 lilyrockstarmag

Meyers, Inc. presented the following data: 2024 Net income $2,500
Preferred stock:
10% cumulative, not convertible $3,000
Common stock:
1/1: 1,000 shares outstanding
9/1: 1,000 shares issued in a 2-for-1 stock split
10/1: 200 shares treasury stock acquired
11/1: 240 shares issued for cash
No preferred dividends were declared or paid in 2014, the first year of the company. The denominator to be used in Basic EPS is:.
a. 1.910.
b. 1,657.
c. 2,090.
d. 1,990.

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Meyers, Inc. presented the following data: 2024 Net income $2,500
Preferred stock:
10...
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