Business, 19.08.2020 01:01, ciarra31

Kelley Company reports $960,000 of net income for 2015, and declares $120,000 of cash dividends on its preferred stock, for 2015. At the end of 2015, the company had 400,000 weighted-average shares of common stock. What amount of net income is available to common stockholders for 2015? What is the company's basic EPS for 2015?

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Kelley Company reports $960,000 of net income for 2015, and declares $120,000 of cash dividends on i...