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Calculate the basic earnings per share

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Reference no: EM132594269

Question: At December 31, 2019 and 2020, Danish Corp. had 100,000 common shares and 10,000, $5, no par value cumulative preferred shares outstanding. No dividends were declared in 2019 or 2020. Net income for 2020 was $400,000.

Calculate the basic earnings per share

Reference no: EM132594269

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