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Unformatted text preview: (40,000) 380,000 Less income tax expense (114,000) Expected additional income 266,000 Total company net income $766,000 Earnings per share $________ Plan BIssue Stock Net Income before expansion $ 500,000 Additional income 420,000 Less interest expense-- 420,000 Less income tax expense (126,000) Expected additional income 294,000 Total company net income $ 794,000 Earnings per share: $ 3.97...
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- Spring '08
- Financial Accounting