Question
Company X had net income of $1,000,000. It declared preferred stock dividends of $50,000. It also paid dividends of $25,000 to common shareholders. The company
Company X had net income of $1,000,000. It declared preferred stock dividends of $50,000. It also paid dividends of $25,000 to common shareholders. The company had 150,000 shares outstanding and a total of 200,000 shares authorized. What is Company X's earnings per share?
A. 6.67
B. 6.33
C. 1
D. 6.17
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
