Financial statement data for the year ending December 31 for Langford Company are as follows: Net income $450,000 Preferred dividends $50,000 Average number of common shares outstanding 80,000 shares Compute the earnings per share for the year. a.$5.00 b.$6.25 c.$5.63 d.$6.00

Financial statement data for the year ending December 31 for Langford Company are as follows: Net income $450,000 Preferred dividends $50,000 Average number of common shares outstanding 80,000 shares Compute the earnings per share for the year. a.$5.00 b.$6.25 c.$5.63 d.$6.00

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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