On December 31, 2009, Voss Corporation had 150,000 shares of common stock issued and outstanding. On October 1, 2010, an additional 20,000 shares of common stock were issued for cash. During 2010, Voss declared and paid dividends of $100,000 on its 10,000 shares of nonconvertible preferred stock. During 2010, Voss declared and paid dividends of $80,000 on its common stock. Net income for 2010 amounted to $500,000. The earnings per share of common stock (rounded to the nearest cent) for 2010 are

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The Answer of On December 31, 2009, Voss Corporation had 150,000 shares of common stock issued and outstanding. On October 1, 2010, an additional 20,000 shares of common stock were issued for cash. During 2010, Voss declared and paid dividends of $100,000 on its 10,000 shares of nonconvertible preferred stock. During 2010, Voss declared and paid dividends of $80,000 on its common stock. Net income for 2010 amounted to $500,000. The earnings per share of common stock (rounded to the nearest cent) for 2010 are

On December 31, 2009, Voss Corporation Had 150,000 Shares of Common