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can someone please assist with these questions Chapter 19- Earnings per Share 73. RST's net income for the year ended December 31, 20x3, was $30,000.

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Chapter 19- Earnings per Share 73. RST's net income for the year ended December 31, 20x3, was $30,000. During 20x3, RST declared and paid $3,000 cash dividends on preferred shares the full year's requirement) and 55,250 cash dividends on common shares. At December 31, 2023, 36,000 common shares were issued and outstanding. 30,000 of which had been outstanding throughout the year and 6,000 of which were issued on July 1, 20x3. No other common share transactions were completed during the year, and there is no potential dilution of earnings per share. The 20x3 camins per common share of RST, rounded to the nearest penny, should be: A) $.75 B) 9.82 C) $.91 D) $1.00 unded to the nearest per of camings per share. The 2018 were completed during Ans: B Difficulty: Medium Level of Learning: Application Topic: LO3 74 At December 31, 20x2, MNO had 50,000 common shares issued and outstanding. On April 1, 20x3, an additional 10,000 common shares were issued. MNO's net income for the year ended December 31, 20x3, was $1,035,000. During 20x3, MNO declared and paid $600,000 cash dividends on its nonconvertible preferred shares (the full year's requirement). The earnings per common share, rounded to the nearest cent, for the year ended December 31, 20x3, should be: A) $7.57 B) $7.92 C) $18.00 D) $18.84 Ans: A Difficulty: Medium Level of Learning: Application Topic: LO3 75 At December 31, 20x2, the shareholders' equity of LMN reported as outstanding: 100 common shares and 30 nonconvertible preferred shares. On July 1, 20x3, LMN issued a 10 percent stock dividend on its common shares and paid a cash dividend of S2.00 per share on its preferred (the full year's requirement). Income for the year ended December 31, 20x3 was $1,170. The 20x3 EPS, rounded to the nearest cent, for LMN should be: A) S10.09 B) $10.58 C) $10.64 D) S11.70 Ang A Difficulty: Medium Level of Learning: Application Topic: LO3

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