A Corporation Has Net Income of $365,000 for the Current

question 9

Multiple Choice

A corporation has net income of $365,000 for the current year. It paid its required preferred dividend of $17,500 and had no other stock transactions during the year. The average number of common shares outstanding during the year was 69,500. What is the earnings per share?

• A) $5.84
• B) $5.00
• C) $4.37
• D) $1.00

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Definitions:

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An illegal or unethical payment made to influence someone's behavior in favor of the payer, often to gain some form of advantage.

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