A corporation has the following stockholder's equity accounts at the end of the current fiscal year, after all closing entries have been posted: Common stock, $10 par, $2,000,000; Paid-In Capital in Excess of Par-Common Stock, $375,000; Retained Earnings, $1,285,000. The earnings for the current year, during which there were no unusual item, were $350,000.
Compute the earnings per share of common stock.© BrainMass Inc. brainmass.com June 3, 2020, 11:01 pm ad1c9bdddf
Earnings per share = Net Income/Number of common shares outstanding
The net income is given as $350,000
The total amount in the ...
The solution explains how to determine the earnings per share of common stock