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Financial statement data for the year ending December 31 for Langford Company is shown below: Net income $450,000 Preferred dividends 50,000 Average number of common
Financial statement data for the year ending December 31 for Langford Company is shown below:
| Net income | $450,000 |
| Preferred dividends | 50,000 |
| Average number of common shares outstanding | 80,000 shares |
What is earnings per share for the year? a.$5.63
b.$6.25
c.None of these choices are correct.
d.$5.00
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
