The income statement for Bramble Inc. shows income before income taxes $1736000, income tax expenses...

60.1K

Verified Solution

Question

Accounting

The income statement for Bramble Inc. shows income before income taxes $1736000, income tax expenses $831000, and net income $905000. If Bramble declared $364000 of cash dividends on preferred stock and has 270000 shares of common stock outstanding throughout the year, earnings per share is:

Select answer from the options below

$3.35

$2.00

$6.43

$1.10

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