For Elementary Accounting Class

Homework Problems- Chapter 8 Issued 3,000 shares of $10.00 par value common stock, and received cash of $16.00 per share. How would the transaction be recorded? EB Corp. reports net income of $40,000 and the number of shares of common stock outstanding is 10,000 shares. Preferred dividends paid was $5,000.00 Calculate the earnings per share of common stock Given: Current Assets Total Assets Current Liabilities Total Liabilities $48,000 $80,000 $16,000 $40,000 Calculate the Debt to Totals Assets Ratio