The Following Information Is Available for Amanda Co ? Calculate the Company's Earnings Per Share

question 48

Multiple Choice

The following information is available for Amanda Co.for the current year. $$\begin{array} { l r } \text { Common shares outstanding } & 150,000 \\\text { Preferred stock dividend declared and paid } & \$ 90,000 \\\text { Net income } & \$ 300,000\end{array}$$ ? Calculate the company's earnings per share.

• A) $1.10
• B) $2.60
• C) $2.00
• D) $1.40

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Definitions:

Penetrating Power

The ability of a form of radiation to pass through material, depending on the type of radiation and the material's characteristics.

Ionizing Radiation

Radiation with enough energy to remove tightly bound electrons from atoms, thus creating ions and causing molecular damage.

Alpha Decay

A type of radioactive decay in which an atomic nucleus emits an alpha particle (two protons and two neutrons bound together) and transforms into a different element.

Atomic Nucleus

The atomic nucleus is the small, dense region at the center of an atom, composed of protons and neutrons, and is the core where most of an atom's mass is concentrated.