Didde Co Had 300,000 Shares of Common Stock Issued and Outstanding

question 33

Multiple Choice

Didde Co. had 300,000 shares of common stock issued and outstanding at December 31, 2014. No common stock was issued during 2015. On January 1, 2015, Didde issued 200,000 shares of nonconvertible preferred stock. During 2015, Didde declared and paid $75,000 cash dividends on the common stock and $60,000 on the preferred stock. Net income for the year ended December 31, 2015 was $465,000. What should be Didde's 2015 earnings per common share?

• A) $1.55
• B) $1.35
• C) $1.30
• D) $1.10

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Definitions:

Attributional Styles

The way in which individuals explain the causes of events and behaviors, typically as internal or external to themselves.

Relationship-Enhancing

Activities or behaviors aimed at improving the quality and satisfaction of a personal relationship.

Internal Attributions

The process of explaining one's own behavior or the behavior of others based on internal characteristics or dispositions.

External Attributions

The process of attributing someone's behavior to external factors, such as the situation or environment.