Clarke Corporation had net income of $365,000. paid its required preferred dividend of $17.500 and had no other share transactions during the year. If the weighted average number of common shares outstanding during the year is 69 500, the earnings per share is A. $5.00 OB. 55.50 O C. $10.00 OD. $5.25 How much of an income/(loss) should be reported for discontinuing operations net of tax? O A. $(105,000) OB. $(78.750) O C. $(120.000) OD. $(90.000) Cash dividends O A. increase retained earnings O B. decrease both the assets and the total shareholders' equity of the corporation O C. do not affect the retained earnings of a corporation OD. increase the assets and decrease the total shareholders' equity of the corporation A corporation declares a 15% stock dividend. Which of the following occurs to retained earnings in the resulting journal entry? O A. Debit for the number of new shares times the average issue price of all of the existing shares O B. Debit for the number of new shares times the current market value of the shares OC. Credit for the number of new shares times the book value of the shares OD. Credit for the number of new shares times the current market value of the shares The preferred shares are currently selling for $102.25 per share and the common shares are currently selling for $11.50 per share. The total contributed capital after the declaration of a 10% common stock dividend is O A $862,000 OB. 5882,000 OC. $836,000 OD. $856.000 An advantage of a partnership is O A. continuous life OB. limited personal liability O C. combined experience and talent OD. finding the right partner may be difficult