Accu Tech Renovations Corp

question 30

Essay

Accu Tech Renovations Corp.(ATRC)was incorporated on January I,2014.At that time it issued 100,000 ordinary shares; 80,000,$20,3% preferred shares "A"; and 40,000,$20,6% preferred shares "B." Net income for the year ended December 31,2014 was $1,800,000.ATRC declares and pays total of $238,000 in dividends.The series A preferred shares arc cumulative and the series B preferred shares are non-cumulative.Series A must be fully paid their current entitlement before any monies are paid to the Series B shareholders.
Requirement:
Compute basic BPS.

---

Definitions:

Empathy-altruism Hypothesis

A theory suggesting that empathetic concern for others provokes an altruistic motivation to help, irrespective of personal gain.

Altruistic Behavior

Actions taken to benefit others without expecting personal gains or rewards.

Kin Selection

An evolutionary strategy that favors the reproductive success of an organism's relatives, even at a cost to the organism's own survival and reproduction.

Emotional Response

A complex psychological and physiological reaction to a perceived event, situation, or stimulus, characterized by subjective feelings, changes in bodily state, and expressions.