Use the following information to calculate the "net income available to ordinary shareholders":

Name: Use the following information to calculate the "net income available to ordinary shareholders":
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Net income available to ordinary shareholders = Net income - preference dividends

Using the given information:

Net income = $2,500,000 
Preference dividends = $640,000

Net income available to ordinary shareholders = $2,500,000 - $640,000 = $1,860,000

Therefore, the correct answer is B) $1,860,000.

Use the Following Information to Calculate the "Net Income Available