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Argo Corp had net income of $34,400 in 2019. Argo declared $4,000 of dividends on preferred stock and $12,000 on common stock. On Jan.1, 8,000 shares of common stock were outstanding. Argo issued an additional 2,000 shares of common stock on June 30, 2019 and again on Oct. 1. Compute basic earnings per share for 2019
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Argo Corp had net income of $34,400 in 2019. Argo declared $4,000 of dividends on preferred stock an...
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