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Compute tonga earnings per share as of december 31

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Tonga Corporation had 340,000 shares of common stock outstanding on January 1, and 400,000 shares of common stock outstanding on December 31. Their net income is $880,000 and they paid $10,000 in preferred dividends. Compute Tonga's earnings per share as of December 31.

Reference no: EM13508373

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