Net Income for a Corporation for the Current Year Amounts

question 187

Multiple Choice

Net income for a corporation for the current year amounts to $200,000.The corporation currently has outstanding 5,000 shares of $5,cumulative preferred shares and 20,000 common shares.The numerator to be used in the earnings per share calculation is:

• A) $200,000
• B) $175,000
• C) $225,000
• D) $195,000

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