1 During 2017, Vanderbilt Corporation Had 500,000 Shares of $1

question 29

Essay

1. During 2017, Vanderbilt Corporation had 500,000 shares of $1 par value common stock outstanding and 25,000 shares of 5%, $100 par value preferred stock outstanding. There were no stock transactions during the year. Net income for the year was $540,000. Compute the earnings per share.
2. During 2017, Fusion Valley Corporation had 500,000 shares of $1 par value common stock outstanding and 40,000 shares of 5%, $100 par value preferred stock outstanding. There were no stock transactions during the year. Net income for the year was $740,000. Compute the earnings per share.

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Definitions:

Mental Disorders

Health conditions characterized by significant changes in thinking, emotion, or behavior, associated with distress and impaired functioning.

Hospitalized

The act of admitting an individual to a hospital for treatment, observation, or other medical care.

Violent Behavior

Actions that involve force with the intent to injure, damage, or kill.

Severe Mental Disorder

A broad category of mental health conditions that significantly interfere with an individual’s ability to function in daily life.