Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Solve this financial accounting question

For last year, Casper Corporation reported a net income of $625,000 and paid
$175,000 in dividends for the 300,000 preferred shares issued. The weighted average of
common shares was 1,000,000 shares. Roxy's basic earnings per share were:
a. $0.63.
b. $0.33.
c. $0.15.
d. $0.45.
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Transcribed Image Text:For last year, Casper Corporation reported a net income of $625,000 and paid $175,000 in dividends for the 300,000 preferred shares issued. The weighted average of common shares was 1,000,000 shares. Roxy's basic earnings per share were: a. $0.63. b. $0.33. c. $0.15. d. $0.45.
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