ACCOUNTING Chapter 13 Problem solving Question 6 (of 8) Save &Exit; Submt 6· 6.2

Question

ACCOUNTING Chapter 13 Problem solving Question 6 (of 8) Save &Exit; Submt 6· 6.25 points Exerclse 13-13 Earnings per share LO A1 Kelley Company reports $1,750,000 of net income for 2015 and declares $245.000 of cash dividends on its preferred stock for 2015. At the end of 2015, the company had 310,000 weighted-average shares of common stock 1. What amount of net income is available to common stockholders for 20152 Net income Net income available to common stockholders 2. What is the company's basic EPS for 2015? a per Share Choose D Basic earnings per share

Explanation / Answer

1.net income available to common stockholders.

2.basic EPS for 2015.

Net Income $1,750,000 To preferred stockholders ($245,000) Net income available to common stockholders $1,505,000

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.