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Organize and label all joumal/eliminating entries and calculations, if they are relevant. Partial credit may be awarded even if your answer is incorrect. In any
Organize and label all joumal/eliminating entries and calculations, if they are relevant. Partial credit may be awarded even if your answer is incorrect. In any case, all work must be shown to earn credit even when your final answer is correct. Question 7 3 pts At December 31, 2014 Rice Company had 300,000 shares of common stock and 10,000 shares of 8%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2014 or 2015 On January 30, 2016, prior to the issuance of its financial statements for the year ended December 31, 2015, Rice declared a 100% stock dividend on its common stock. Net income for 2015 was $1,520.000. In its 2015 financial statements, what is Rice's 2015 earnings per common share? Edit View Insert Format Tools Table 12pt Paragraph B I U TV
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