Return to the RAR data in Short Exercise 13-8. RAR had 13,500 shares of common stock outstanding

Question:

Return to the RAR data in Short Exercise 13-8. RAR had 13,500 shares of common stock outstanding during 2012. RAR declared and paid preferred dividends of $3,000 during 2012.

Requirement

1. Show how RAR reported EPS data on its 2012 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...