At December 31, 2024, Cullumber Company had 314000 shares of common stock and 10700 shares...
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Accounting
At December 31, 2024, Cullumber Company had 314000 shares of common stock and 10700 shares of 7%,$100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2025. On January 30, 2026, before the issuance of its financial statements for the year ended December 31, 2025, Cullumber declared a 100% stock dividend on its common stock. Net income for 2025 was \$1143000. In its 2025 financial statements, Cullumber will report 2025 earnings per share of $1.81. $3.64. $3.55. $1.70
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