Vaughn Inc. has a profit of $1020000 for 2021, and there are 500000 common shares...

90.2K

Verified Solution

Question

Accounting

Vaughn Inc. has a profit of $1020000 for 2021, and there are 500000 common shares issued. Dividends declared and paid during the year amounted to $195000 on the preferred shares and $299000 on the common shares. The earnings per share for 2021 is

$0.60.

$1.65.

$1.44.

$2.04.

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