A Corporation Had Current Year Net Income of $2,375,000

question 90

Essay

A corporation had current year net income of $2,375,000.It paid preferred dividends of $80,000 cash and had 500,000 weighted-average shares of common stock outstanding.Calculate the corporation's earnings per share.

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Definitions:

Planar

Referring to a flat surface or a shape that exists primarily in two dimensions, often used in the context of molecules that lie in a single geometric plane.

Carbon Monoxide

A colorless, odorless, and tasteless gas that is highly toxic, produced by the incomplete combustion of carbon-containing materials.

Geometry

The branch of mathematics concerned with the properties and relations of points, lines, surfaces, solids, and higher-dimensional analogs.

Linear

Describing a structure, progression, or relationship that follows a straight line or in simpler terms, one that proceeds from one stage to the next in a single series of steps.