Financial statement data for the years ended December 31 for Dovetail Corporation are shown below. a. Determine the earnings per share for 2014 and 2013.b. Does the change in the earnings per share from 2013 to 2014 indicate a favorable or an unfavorabletrend? Net income Preferred dividends Average number of common shares outstanding 2014 $448,750 $40,000 2013 $376,000 $40,000 75,000

Chapter 11, Practice Exercises #15

Financial statement data for the years ended December 31 for Dovetail Corporation are shown below.

a. Determine the earnings per share for 2014 and 2013.
b. Does the change in the earnings per share from 2013 to 2014 indicate a favorable or an unfavorabletrend?

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...