1. Business
  2. Accounting
  3. at december 31 2016 blossom corporation had the following stock...

Question: at december 31 2016 blossom corporation had the following stock...

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At December 31, 2016, Blossom Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,636 shares $10,863,600 Common stock, $5 par, 4,075,400 shares 20,377,000 During 2017, Blossom did not issue any additional common stock. The following also occurred during 2017. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $22,767,400 $3,461,300 $1,086,360 $2,368,400 35 % Compute earnings per share data as it should appear in the 2017 income statement of Blossom Corporation. Earnings Per Share Income from Continuing Operations 4 Discontinued Operations Net Income / (Loss)
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