What should be hydes basic earnings per share

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Reference no: EM133910813

Problem

Hyde Corporation's capital structure at December 31, 2018, was as follows: Shares Issued and Outstanding Common stock 100,000 Nonconvertible preferred stock 20,000 On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of $2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was $780,000. Get the instant assignment help. What should be Hyde's 2019 basic earnings per share?

Reference no: EM133910813

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