In 2010, Hollis Corporation reported net income of $1,000,000. It declared and paid preference dividends of $250,000.

Question:

In 2010, Hollis reported net income of $1,000,000. It declared and paid preference dividends of $250,000. During 2010, Hol1is had a weighted average of 190,000 ordinary shares outstanding Compute Hollis’s 2010 earnings per share.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...