Nelson Corp. earned a net income of $450,000. The number of common shares outstanding all year long

Question:

Nelson Corp. earned a net income of $450,000. The number of common shares outstanding all year long was 200,000 and preferred shareholders received a totaling $10,000. Calculate the earnings per share for Nelson Corp.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...