Dawson Corporation had profit of $120,000. Dawson paid $20,000 in dividends to the preferred shareholders and $40,000 in dividends to the common shareholders. Dawson had 15,000 preferred shares and 50,000 common shares issued all year. Earnings per share is:
A) $1.20.
B) $2.00.
C) $1.85.
D) $2.40.
Correct Answer:
Verified
Q6: The payout ratio is calculated by dividing
Q7: Prior year financial statements that are published
Q8: The statement of changes in shareholders' equity
Q9: Companies following ASPE need to prepare a
Q10: A company had 50,000 common shares. During
Q12: On January 1, Pater Corporation had 10,000
Q13: The correction of a prior period error
Q14: A statement of changes in shareholders' equity:
A)
Q15: Discontinued operations are:
A) rare.
B) shown net of
Q16: Cooper Corporation has 100,000 common shares issued
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents