Examlex

Solved

A Corporation Had Current Year Net Income of $2,375,000

question 90

Essay

A corporation had current year net income of $2,375,000.It paid preferred dividends of $80,000 cash and had 500,000 weighted-average shares of common stock outstanding.Calculate the corporation's earnings per share.


Definitions:

Employees

Individuals who are hired by an employer to perform specific tasks or services in exchange for compensation.

Ratification

The act of formally approving an agreement or treaty, making it officially valid.

Principal

The party that an agent’s authority can bind or act on behalf of.

Agency

The fiduciary relationship that arises when one person consents to have another act on his behalf and subject to his control and the other consents to do so.

Related Questions