Return to the Amazing Way data in Short Exercise 11-3. Amazing Way had 10,000 shares of common

Question:

Return to the Amazing Way data in Short Exercise 11-3. Amazing Way had 10,000 shares of outstanding during 2012.
Amazing Way declared and paid preferred dividends of $6,000 during 2012. Report Amazing Way’s earnings per share on the income statement.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...