In 2020, Cullumber Company reported net income of $ 202000. It declared and paid common stock dividends of $ 23000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent.
In 2020, Cullumber Company reported net income of $ 202000. It declared and paid common stock dividends of $ 23000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent.
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 24E
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Question
In 2020, Cullumber Company reported net income of $ 202000. It declared and paid common stock dividends of $ 23000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent.
$ 1.79
$ 0.46
$ 2.02
$ 2.25
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