For 2010, Stoneland Corporation reported a net income of $24,000; net sales of $400,000; and average shares outstanding of 6,000. There were $6,000 preferred stock dividends. What were the 2010 earnings per share?

For 2010, Stoneland Corporation reported a net income of $24,000; net sales of $400,000; and average shares outstanding of 6,000. There were $6,000 preferred stock dividends. What were the 2010 earnings per share?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...

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What were the 2010 earnings per share on these financial accounting question?

For 2010, Stoneland Corporation reported a net income of
$24,000; net sales of $400,000; and average shares outstanding
of 6,000. There were $6,000 preferred stock dividends. What
were the 2010 earnings per share?

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