Reference no: EM133179128

Questions -

Q1. Curtis Corporation reports net income for 20X9 of $150,000.00. Curtis Corporation had outstanding for all of 20X9 10,000 shares of cumulative $50.00 par, 10 percent preferred stock. Curtis Corporation had outstanding for all of 20X9 75,000 shares of $10.00 par common stock. Earnings per share is

A. $10.00.

B. $2.00.

C. $1.20.

D. $1.33.

Q2. Paula Corporation had net income of $365,000.00, paid its required preferred dividend of $17,500.00 and had no other stock transactions during the year. If the average number of common shares outstanding during the year is 69,500, the earnings per share is

A. $5.25.

B. $5.50.

C. $5.00.

D. $10.00.

Q3. A stockholder's ownership percentage in the stock of a corporation ______ upon the distribution of stock dividend.

A. can increase or decrease depending on the type of stock dividend

B. increases

C. will stay the same

D. decreases