XXX HACA LAOXOAYOOX ADA KORXOXOXO ovec XOXOXOXOXO NOUN GOXONG NEROKOKOOM Question 1 Not yet answered Marked out of 1.00 P Flag question The income statement for Maha Inc. shows income before income taxes $1,600,000, income tax expenses $820,000, and net income $780,000. If Maha declared $300,000 of cash dividends on preferred stock and has 200,000 shares of common stock outstanding throughout the year, earnings per share is: a. $1.50 b. $8.00 c. $2.40 d. $3.90 Next page + Assignment 20 20 osle Time left 1:28:19 Question 2 Not yet answered Marked out of 1.00 P Flag question Rami, Inc., has 5,000 shares of 6%, $100 par value, noncumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $100,000 dividend, the a. preferred stockholders will receive $30,000 and the common stockholders will receive $70,000. b. $30,000 will be held as restricted retained earnings and paid out at some future date. c. preferred stockholders will receive the entire $100,000. d. preferred stockholders will receive 1/10th of what the common stockholders will receive. Previous page Next page