Question
About-Face Inc, a social media company, has net income of $75,000 this year. The Board declared a $80,000 dividend to shareholders. About-Face has 10,000 $2
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About-Face Inc, a social media company, has net income of $75,000 this year. The Board declared a $80,000 dividend to shareholders. About-Face has 10,000 $2 Preferred Shares and 100,000 Common Shares outstanding. What is the earnings per share (EPS) for the common shareholders?
A. $ 1.00 / share
B. $0.75 / share
C. $0.55 / share
D. $0.25 / share
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About-Face Inc, a social media company, has net income of $100,000 this year. The Board declared a $80,000 dividend to shareholders. About-Face has 10,000 $2 Preferred Shares and 100,000 Common Shares outstanding. What is the Dividends per share (DPS) for the common shareholders?
A. $0.60 / share
B. $2.00 / share
C. $1.50 / share
D. $3.00 / share
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
