Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Self-Test Questions: 6

Answer

a

Work Step by Step

We use the equation for earnings per share to solve. $eps=\frac{net\ income-preferred\ dividends}{shares\ outstanding}$ $eps=\frac{26000-2000}{4000}=\frac{24000}{4000}=6$
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