Mayan Company had net income of $38,250. The weighted-average common shares outstanding were 9,000. The company declared a $3,700 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's basic earnings per share is: Multiple Choice $4.66. $3.84. $3.59. $4.41. $4.25.
Mayan Company had net income of $38,250. The weighted-average common shares outstanding were 9,000. The company declared a $3,700 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's basic earnings per share is: Multiple Choice $4.66. $3.84. $3.59. $4.41. $4.25.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 38MCQ
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Question
Mayan Company had net income of $38,250. The weighted-average common shares outstanding were 9,000. The company declared a $3,700 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's basic earnings per share is:
Multiple Choice
-
$4.66.
-
$3.84.
-
$3.59.
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$4.41.
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$4.25.
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