Laurelli Builders (LB) reported the following financial data…
Laurelli Builders (LB) reported the following financial data for year-end December 31: Common shares outstanding, January 1 2,020,000 Common shares issued as stock dividend, June 1 380,000 Warrants outstanding, January 1 500,000 Net income $3,350,000 Preferred stock dividends paid $430,000 Common stock dividends paid $240,000 Which statement about the calculation of LB’s EPS is most accurate?
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