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For the current year lancing company reported basic

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For the current year, Lancing Company reported basic earnings per share of $8 and fully diluted earnings per share of $3. The difference between these figures is attributable to outstanding shares of convertable preferred stock. If all this preferred stock had actually been converted into common stock at the beginning of the current year, Lancing Company would have reported only one earnings per share amount, which would have been?

Reference no: EM13594141

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