What are the earnings per share on common stock, assuming that the

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william

Member
income before bond interest and income tax? What are the earnings per share on common stock, assuming that the income before bond interest and income tax is a) $3,000,000, (b) $4,000,000, and (c) $5,000,000
Bonds payable,10%(issued at face amount) 10,000,000
Perferred $1 stock, $10 Par 10,000,000
Common Stock, $25 Par
Income tax is estimated at 40% of income
 
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