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Ecker Company reports $1,975,000 of net income and declares $276,500 of cash dividends on its preferred stock for the year. At year-end, the company had 260,000 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 S 2. What is the company's basic earnings per share (EPS)? Choose Numerator: 0 Basic Earnings per Share Choose Denominator: Basic Earnings per Share Basic earnings per share

Ecker Company reports $1,975,000 of net income and declares $276,500 of cash dividends on its preferred stock for the year. At year-end, the company had 260,000 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 S 2. What is the company's basic earnings per share (EPS)? Choose Numerator: 0 Basic Earnings per Share Choose Denominator: Basic Earnings per Share Basic earnings per share

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ecker Company reports $1,975,000 of net income and declares $276,500 of cash dividends on its preferred stock for the year. At year-end, the company had 260,000 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 S 2. What is the company's basic earnings per share (EPS)? Choose Numerator: 0 Basic Earnings per Share Choose Denominator: Basic Earnings per Share Basic earnings per share
Transcribed Image Text:Ecker Company reports $1,975,000 of net income and declares $276,500 of cash dividends on its preferred stock for the year. At year-end, the company had 260,000 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 S 2. What is the company's basic earnings per share (EPS)? Choose Numerator: 0 Basic Earnings per Share Choose Denominator: Basic Earnings per Share Basic earnings per share
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