Mayan Company Had Net Income of $132,000

question 93

Multiple Choice

Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000.
-The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:

• A) $4.89.
• B) $1.31.
• C) $1.65.
• D) $1.99.
• E) $0.34.

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Definitions:

Spanish Monarchy

The political system of Spain in which the country is ruled by a monarch, a family lineage that has historically oscillated between periods of monarchy and republic.

French and Indian War

A series of military engagements between Britain and France in North America (1754–1763), part of a larger conflict known as the Seven Years' War.

British

Relating to Great Britain or the United Kingdom, encompassing England, Scotland, Wales, and Northern Ireland, its people, or its culture.

Westward Expansion

The 19th-century movement of settlers into the American West, driven by the desire for land and the belief in Manifest Destiny.