Question
Jay Company has net income of $10,000 in 2010. They pay common stock dividends of $2,400 and preferred stock dividends of $1,000. Their beginning common
Jay Company has net income of $10,000 in 2010. They pay common stock dividends of $2,400 and preferred stock dividends of $1,000. Their beginning common shares outstanding is 20,000. The ending share balance is 15,000. What is their EPS (earnings per share) for the year?
| A. | .57 cents per sh |
| B. | .51 cents per sh |
| C. | .65 cents per sh |
| D. | 1.15 cents per sh |
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
