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:

Atomic Number

The number of protons in the nucleus of an atom, which defines the element's identity.

Mass Number

The total number of protons and neutrons in an atom's nucleus, representing the atom's mass more closely than the atomic number.

Spectral Data

Information obtained from analyzing the spectrum of light absorbed, emitted, or scattered by materials, used in identifying chemical substances.

Splitting

In nuclear magnetic resonance (NMR) spectroscopy, the division of a signal into multiple peaks due to interactions between nuclei with magnetic moments.