A corporation has the following stockholders' equity accounts at the end of the current fiscal year, after the closing entries have been posted: Common Stock, $5 par, $2,000,000; Paid-In Capital in Excess of Par--Common Stock, $375,000; Retained Earnings, $1,285,000. The earnings for the current year, during which there were no unusual items, were $300,000.
Compute the earnings per share of common stock.

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The Answer of A corporation has the following stockholders' equity accounts at the end of the current fiscal year, after the closing entries have been posted: Common Stock, $5 par, $2,000,000; Paid-In Capital in Excess of Par--Common Stock, $375,000; Retained Earnings, $1,285,000. The earnings for the current year, during which there were no unusual items, were $300,000.
Compute the earnings per share of common stock.

A Corporation Has the Following Stockholders' Equity Accounts at the End