Net income for the period totaled OMR75,000, preferred dividends paid totaled OMR10,000, and common dividends paid totaled OMR30,000. If there were 100,000 common shares outstanding throughout the year, what was the earnings per common share? a)0.65 OMR b)0.35 OMR c)4.50 OMR d)44.50 OMR

Net income for the period totaled OMR75,000, preferred dividends paid totaled OMR10,000, and common dividends paid totaled OMR30,000. If there were 100,000 common shares outstanding throughout the year, what was the earnings per common share? a)0.65 OMR b)0.35 OMR c)4.50 OMR d)44.50 OMR

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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Concept explainers

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

Question

plz solve!!

Net income for the period totaled OMR75,000,
preferred dividends paid totaled OMR10,000, and
common dividends paid totaled OMR30,000. If there
were 100,000 common shares outstanding
throughout the year, what was the earnings per
common share?
a)0.65 OMR
b)0.35 OMR
c)4.50 OMR
d)44.50 OMR

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