West, Inc. has a net income of $410,000 in 2010, and there are 130,000 weighted-average shares of

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West, Inc. has a net income of $410,000 in 2010, and there are 130,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $40,000 on the preferred stock and $96,000 on the common stock.

The earnings per share for 2010 are:

A. $3.15.

B. $0.74.

C. $2.85.

D. $3.01.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470616314

IFRS edition volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Aug 19, 2022 11:37 AM

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West, Inc. has a net income of $410,000 in 2010, and there are 130,000 weighted-average shares of

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Intermediate Accounting

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