Basic EPS equals (net income minus preferred dividends) divided by the weighted average number of common shares outstanding. If NI = 130,000; Preferred dividends = 10,000; weighted average common shares outstanding = 60,000; EPS is:

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Multiple Choice

Basic EPS equals (net income minus preferred dividends) divided by the weighted average number of common shares outstanding. If NI = 130,000; Preferred dividends = 10,000; weighted average common shares outstanding = 60,000; EPS is:

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