RAR Corporation had net income for 2014 of $ 40,000 RAR had 13,500 shares of common stock outstanding at the beginning of the year and 14,000 shares of common stock outstanding as of December 31, 2014 During the year, RAR declared and paid preferred dividends of $ 3,000 Compute RARs earnings per sh...

Earnings per share Net income Pre ...

RAR Corporation had net income for 2014 of $ 40,000. RAR had 13,500 shares of common stock

Question:

RAR had net income for 2014 of $ 40,000. RAR had 13,500 shares of outstanding at the beginning of the year and 14,000 shares of outstanding as of December 31, 2014. During the year, RAR declared and paid preferred dividends of $ 3,000. Compute RAR’s earnings per share.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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...