On January 1, 2016, Laura Corporation had 18,000 shares of common stock outstanding, and reacquired 2,000 shares on July 1. The company earned net income of $110,800 and paid a cash dividend on its preferred stock of $36,000. What was the basic earnings per share for the year?
A. $4.40
B. $5.54
C. $3.74
D. $4.68
Answer: A
Business
You might also like to view...
Accuracy is expressed as a ± x% number
Indicate whether the statement is true or false
Business
Philip Crosby is credited with both of these quality catch-phrases: "quality is free" and "zero defects."
Indicate whether the statement is true or false
Business
Rather than identifying workers' weaknesses and attempting to fix them, where the gains will be short-lived, the best managers focus on strengths.
Answer the following statement true (T) or false (F)
Business
A field of study that examines the correspondence between symbols and their role in the assignment of meaning for people is referred to as
A. back translation. B. symbolic linguistics. C. semiotics. D. symbiotics. E. cross-cultural analysis.
Business