Question
Ecker Company reports $1,250,000 of net income and declares $175,000 of cash dividends on its preferred stock for the year. At year- end, the
Ecker Company reports $1,250,000 of net income and declares $175,000 of cash dividends on its preferred stock for the year. At year- end, the company had 330,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders $ 0 2. What is the company's basic earnings per share (EPS)? Choose Numerator: Basic Earnings per Share Choose Denominator: Basic Earnings per Share = Basic earnings per share || =
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Financial Accounting Information for Decisions
Authors: John J. Wild
8th edition
125953300X, 978-1259533006
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