50. Fishing Lures Inc. reported a net income equal to $ 15,000. The dividends declared & paid to the common shareholders equaled $ 5,000. Fishing Lures Inc. had 10,000 shares outstanding all year long. What is Fishing Lures Inc.'s earnings per share?

A) $ .50

B) $ 1.00

C) $ 1.50

D) $ 2.00

Answer: C Difficulty: Easy

51. Fishing Lures Inc. reported a net income equal to $ 15,000. The dividends declared & paid to the preferred shareholders equaled $ 5,000 and paid the common stockholders a dividend of $8,000. Fishing Lures Inc. had 10,000 shares outstanding all year long. What value is Fishing Lures Inc.'s earnings per share?

A) $ .50

B) $ 1.00

C) $ 1.50

D) $ .20

Answer: B Difficulty: Hard