Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bramble corp. had 290000 shares of common stock is

Bramble Corp. had 290000 shares of common stock issued and outstanding at December 31, 2020....

80.2K

Verified Solution

Question

Accounting

Bramble Corp. had 290000 shares of common stock issued and outstanding at December 31, 2020. During 2021, no additional common stock was issued. On January 1, 2021, Bramble issued 390000 shares of nonconvertible preferred stock. During 2021, Bramble declared and paid $174000 cash dividends on the common stock and $159000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2021, was $966000. What should be Bramble's 2021 earnings per common share, rounded to the nearest penny?

$2.18

$1.23

$2.78

$3.33

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

You are tasked with evaluating the effect of the age of a home on its selling...

Geometry
1.2K views

Find the equation for the plane through Po 9 8 6 perpendicular to the following...

Basic Math
1.2K views

Find the values of m and b that make f continuous everywhere if x 4...

Basic Math
1.2K views

Solve the following equation on the interval [0, 360). Round answers to the nearest tenth....

Algebra
1.2K views

Step 1 of 2 Plot the x intercepts if any of the polynomial function on...

Accounting
1.2K views

Kumper Lorporation is a aiversitied manutacturer or Inqustria gooas. I ne company s...

Accounting
1.2K views

Name three things that SAS 99 (AU 240) requires an auditor to do with regard...

Accounting
1.2K views

Durine 20229 unland Comparation had the followirg amounts, all before calalatinz tax eflects-incame before income...

Accounting
1.2K views

Change the view of the Workshop Participants worksheet to Page Layout view. ...

Accounting
1.2K views

On November 1, 2019, Thistle Do Knicely, Inc., borrowed $12,000 on a 5-month, 6% note...

Accounting
1.2K views

Equipment with an original cost of $71,848 and accumulated depreciation of $26,219 was sold at...

Accounting
1.2K views

Exercise 17.15 Using ABC to Determine a Bid Price (LO17-6, LO17-7) Spear Custom Furniture uses...