Livestone Company's net income last year was P371,000. The company has 100,000 shares of common stock and 30,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of P1.90 per share on the common stock and P1.70 per share on the preferred stock. The earnings per share of per share (nearest centavo, 2 decimal places) common stock is P

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Livestone Company's net income last year was P371,000. The company has 100,000 shares of common
stock and 30,000 shares of preferred stock outstanding. There was no change in the number of common or
preferred shares outstanding during the year. The company declared and paid dividends last year of P1.90
per share on the common stock and P1.70 per share on the preferred stock. The earnings per share of
common stock is P
per share (nearest centavo, 2 decimal places)
Transcribed Image Text:Livestone Company's net income last year was P371,000. The company has 100,000 shares of common stock and 30,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of P1.90 per share on the common stock and P1.70 per share on the preferred stock. The earnings per share of common stock is P per share (nearest centavo, 2 decimal places)
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