Question
Ecker Company reports $1,675,000 of net income for 2015 and declares $234,500 of cash dividends on its preferred stock for 2015. At the end of
| Ecker Company reports $1,675,000 of net income for 2015 and declares $234,500 of cash dividends on its preferred stock for 2015. At the end of 2015, the company had 310,000 weighted-average shares of common stock. |
| 1. | What amount of net income is available to common stockholders for 2015? |
| 2. | What is the companys basic EPS for 2015? |
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
