In 2014, Esther Corporation Reported Net Income of $600,000

question 58

Multiple Choice

In 2014, Esther Corporation reported net income of $600,000. It declared and paid preferred stock dividends of $150,000 and common stock dividends of $60,000. During 2014, Esther had a weighted average of 250,000 common shares outstanding. Compute Esther's 2014 earnings per share.

• A) $1.56
• B) $1.80
• C) $2.40
• D) $3.00

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Definitions:

Carrier

A company or individual that provides transportation services for goods or people.

Straight Bill Of Lading

A document issued by a carrier that specifies the goods being transported are to be delivered to the specified party, without endorsement.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Mode Selection

The process of choosing the most appropriate method of transportation for goods based on factors such as cost, time, and product type.