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  3. 42 a company has sooo shares orsi par value ewnnwn

42 A company has SOOO shares orsi par value ewnnwn siek "nd 6,000 shares of...

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Accounting

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42 A company has SOOO shares orsi par value ewnnwn siek "nd 6,000 shares of m son par, non-cumulative preferred stock outstanding The balance in Retained Flarmings at the beginning or the year was $750,000, Net income for the eurrent year was $400,000. If the company pald a dividond of S3 per share on its common stock, what is the balance in Retained arnings at the ond of the year? (@ points) A. $1,123 240 1,135,000 C. $1,150,000 D. $735,000 $723,240 43. A company had net income of $30,000. On January 1, there were 8,000 share of common stock outstanding. On April 1, the company issued an additional 2,000 shares of common stock. The company declared a $2,700 dividend on its preferred stock. There were no other stock transactions. The company has an carnings per share of (2 points) A. $2.87 B. $2.73 C. S3.41 D. $3.16 E. $3.75 19

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