West, Inc Has a Net Income of $500,000 for 2010, and and There

question 110

Multiple Choice

West, Inc. has a net income of $500,000 for 2010, and there are 200,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $80,000 on the preferred stock and $120,000 on the common stock. The earnings per share for 2010 is

• A) $2.50.
• B) $1.90.
• C) $2.10.
• D) $1.50.

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