A Corporation Has 2,000 Shares of $50 Par, 10% Preferred

question 64

Multiple Choice

A corporation has 2,000 shares of $50 par, 10% preferred stock, and 6,000 shares of common stock outstanding. The net income for the year is $250,000. The earnings per share of common stock would be

• A) $10.83.
• B) $31.25.
• C) $40.00.
• D) $41.67.

---

Definitions:

Pain Medications

Drugs designed to alleviate or reduce pain, ranging from over-the-counter options like acetaminophen to prescription narcotics.

Compromised Human Dignity

A condition or situation in which an individual's sense of self-respect and worth is substantially diminished, often occurring in environments where people are devalued or treated without respect.

Cultural Attire

Refers to clothing and accessories that are representative of a specific culture, often worn during cultural ceremonies or as a means of expressing cultural identity.

Female Nursing Staff

Nurses who are female, providing care, support, and medical treatment to patients within healthcare settings.