Multiple Choice
Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000.
-The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:
A) $4.89.
B) $1.31.
C) $1.65.
D) $1.99.
E) $0.34.
Correct Answer:
Verified
Correct Answer:
Verified
Q88: A stock split increases total stockholders' equity.
Q89: The amount of annual cash dividends distributed
Q90: The cumulative net income and loss not
Q91: A company has earnings per share of
Q92: Special rights often granted to preferred stock
Q94: Corporations issue preferred stock to raise capital
Q95: Parlay Corporation has 2,000,000 shares of $0.50
Q96: Achieving an increased return on common stock
Q97: If the dividends account is not recorded
Q98: Preferred stock on which the right to