Haley Corporation had 2008 net income of $1,200,000. During 2008, Haley paid a dividend of $2 per

Question:

Haley Corporation had 2008 net income of $1,200,000. During 2008, Haley paid a dividend of $2 per share on 100,000 shares of preferred stock. During 2008, Haley had outstanding 250,000 shares of common stock. Compute Haley’s 2008 earnings per share.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...