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June Corporation had net income of $120,000, 1,000,000 common shares outstanding...
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June Corporation had net income of $120,000, 1,000,000 common shares outstanding, and no preferred shares. Neptune Corporation had net income of $460,000, 2,500,000 common shares outstanding, and preferred shares entitled to a $10,000 dividend when declared. Which of the following statements is true:
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