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SimplyCPA

Question of the Day

Mon, 7 September 2026

From the archive. Past questions don't count towards your streak, but they're good practice.

FAREquity & Earnings Per Share

A company has net income of $600,000 and paid $50,000 in dividends on cumulative preferred stock during the year, none of which were declared. What amount should be used as the numerator for basic EPS?

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