A corporation has net income of $365,000 for the current year. It paid its required preferred dividend of $17,500 and had no other stock transactions during the year. The average number of common shares outstanding during the year was 69,500. What is the earnings per share?

Question

Quizplus · Accepted Answer

B) Calculations: $365,000 - 17,500 = $347,500
$347,500 /69,500 = $5.00

A Corporation Has Net Income of $365,000 for the Current