quiz3 - Question 1 0.5 out of 0.5 points E Street...

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Question 1 0.5 out of 0.5 points E Street Corporation reports the following information: Net income $500,000 Dividends on common stock 140,000 Dividends on preferred stock 60,000 Weighted average common shares outstanding 200,000 E Street should report earnings per share of Answer Selected Answer: $2.20. Correct Answer: $2.20. Question 2 0.5 out of 0.5 points Silas Company reported the following information for 2008: Sales revenue $500,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available for sale securities 20,000 Cash dividends received on the securities 2,000 For 2008, Silas would report comprehensive income of Answer
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Selected Answer: $117,000. Correct Answer: $117,000. Question 3 0.5 out of 0.5 points Angler Corporation had the following infrequent transactions during 2008: A $150,000 gain from selling the only investment angler has ever owned. A $210,000 gain on the sale of equipment.
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quiz3 - Question 1 0.5 out of 0.5 points E Street...

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