Refer to the data for Messier Inc. given in BE11-15. Messier reported a profit of $370,000. Messier

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Refer to the data for Messier Inc. given in BE11-15. Messier reported a profit of $370,000. Messier also had 10,000 $2 cumulative preferred shares, on which the dividend for the current year was declared and paid. Calculate the earnings per share.
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...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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