Cullumber Company had 295000 shares of common stock issued and outstanding at December 31, 2024. In 2025, no additionalcommon stock was issued. On January 1, 2025, Cullumber issued 410000 shares of nonconvertible preferred stock. During 2025,Cullumber declared and paid $183000 cash dividends on the common stock and $145000 on the nonconvertible preferred stock. Netincome for the year ended December 31, 2025, was $954000. What is Cullumber's 2025 earnings per share?O $1.14O $3.23O $2.12O $2.74

Earnings per common share means net income or earning attributable for each common shareholder.

Answered: mmon stock was issued. On January 1,…

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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