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Getaway Travel Company reported net income for 2024 in the amount of $51,000. During 2024, Getaway declared and paid $2,500 in cash dividends on its
Getaway Travel Company reported net income for 2024 in the amount of $51,000. During 2024, Getaway declared and paid $2,500 in cash dividends on its nonconvertible preferred stock. Getaway also paid $11,000 cash dividends on its common stock. Getaway had 41,000 common shares outstanding from January 1 until 11,000 new shares were sold for cash on July 1, 2024. A 2-for-1 stock split was granted on July 5, 2024. What is the 2024 basic earnings per share? Q
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