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Unformatted text preview: (b) Calculate basic earnings per share for 20X5. (c) If Trinity Railway also had preferred stock outstanding, and declared and paid $227,500 in dividends on these shares during 20X5, calculate the revised amount for basic earnings per share. (d) Explain the concept of diluted EPS. What types of additional securities would Trinity Railway likely need to issue before it would be become necessary to calculate a diluted EPS amount?...
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- Spring '11