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Business, 12.02.2021 02:30 emogalaxcy8396

At the end of the current year, Seminole Inc. has outstanding 8,500,000 shares of $10 par common stock and 50,000 shares of 6% preferred. On April 1 of the current year, Seminole Inc. issued 1,000,000 shares of common stock for $32 per share to help finance the loss from discontinued operations. InstructionsCompute the earnings per share on common stock for the current year as it should be reported to stockholders.

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At the end of the current year, Seminole Inc. has outstanding 8,500,000 shares of $10 par common sto...

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