Question
Ecker Company reports $1,800,000 of net income and declares $252,000 of cash dividends on its preferred stock for the year. At year-end, the company had
Ecker Company reports $1,800,000 of net income and declares $252,000 of cash dividends on its preferred stock for the year. At year-end, the company had 370,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders?
2. What is the companys basic earnings per share (EPS)?
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Accounting In Business
Authors: R. J. Bull
5th Edition
0408014865, 978-0408014861
