Financial statement data for the year ending December 31 for Power Company are shown below Net income Preferred dividends Average number of common shares outstanding What is earnings per share for the year? $680,000 $20,000 120,000 shares a. $5.67 Ob. $5.50 O c. $5.83 O d. None of these choices are correct. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were oniginally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3-per-share dividend is declared? 0 a. $120,000 Ob. $500,000 . $105,000 O d. $15,000 m#22 of 22 ssues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credt to Common Stock for , $24,000. O b. $2,00o. . $12,000. O d. $32,0o0. he details of a stock split are normally disclosed a. in the corporate charter. b. in the notes to the financial statements Oc. on the common share stock certificate d. in a public service announcement