Yet Corporation Had Net Earnings of $500,000

question 95

Multiple Choice

Yet Corporation had net earnings of $500,000. It paid $125,000 in dividends to the preferred shareholders. Yet Corporation had a weighted average of 1,500,000 common shares and 250,000 preferred shares. Yet Corporation's earnings per share was:

• A) $0.25
• B) $0.33
• C) $0.29
• D) $0.21

Describe how water transport through xylem is facilitated and its dependence on transpiration.

Explain the adaptations plants have for efficient water and nutrient uptake.

Understand the structural and functional differences between different cell types in plant vascular tissues.

Acknowledge the ecological and agricultural significance of water-efficient crops.

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Definitions:

Income Summary Account

A temporary account used in accounting to transfer revenues and expenses at the end of an accounting period; its balance is ultimately transferred to retained earnings.

Owner's Capital Account

A line item in a firm's balance sheet that shows the value of the proprietor's invested capital and the accumulated profits retained within the company.

Credited

An accounting entry that increases a liability or equity account, or decreases an asset or expense account.

Permanent Accounts

Accounts in the general ledger that are not closed at the end of the accounting period, including asset, liability, and equity accounts.