National Company's net income last year was P500,000. The company has 150,000 shares of common stock and 30,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of P1.00 per share on the common stock and P0.60 per share on the preferred stock. The earnings per share of common stock is closest to:
National Company's net income last year was P500,000. The company has 150,000 shares of common stock and 30,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of P1.00 per share on the common stock and P0.60 per share on the preferred stock. The earnings per share of common stock is closest to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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National Company's net income last year was P500,000. The company has 150,000 shares of common stock and 30,000 shares of preferred stock outstanding. There was no change in the number of common or
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