Ecker Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year- end, the company had 330,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders
Ecker Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year- end, the company had 330,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:Ecker
Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year-
end, the company had 330,000 weighted-average shares of common stock.
1. What amount of net income is available to common stockholders?
Net income
To preferred stockholders
Net income available to common stockholders
2. What is the company's basic earnings per share (EPS)?
Choose Numerator:
Basic Earnings per Share
1
Choose Denominator:
=
Basic Earnings per Share
Basic earnings per share
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