Craig Rusch Corporation reports the following information: $$\begin{array} { l r }
\text { Net income } & \$ 500,000 \
\text { Dividends on common stock } & 140,000 \
\text { Dividends on preferred stock } & 60,000 \
\text { Weighted average common shares outstanding } & 100,000
\end{array}$$ Rusch should report earnings per share of
A)$3.00.
B)$3.60
C)$4.40.
D)$5.00.

Question

Craig Rusch Corporation reports the following information: $$\begin{array} { l r } 
\text { Net income } & \$ 500,000 \
\text { Dividends on common stock } & 140,000 \
\text { Dividends on preferred stock } & 60,000 \
\text { Weighted average common shares outstanding } & 100,000
\end{array}$$ Rusch should report earnings per share of
A)$3.00.
B)$3.60
C)$4.40.
D)$5.00.

Quizplus · Accepted Answer

The Answer of Craig Rusch Corporation reports the following information: $$\begin{array} { l r } 
\text { Net income } & \$ 500,000 \
\text { Dividends on common stock } & 140,000 \
\text { Dividends on preferred stock } & 60,000 \
\text { Weighted average common shares outstanding } & 100,000
\end{array}$$ Rusch should report earnings per share of
A)$3.00.
B)$3.60
C)$4.40.
D)$5.00.

Craig Rusch Corporation Reports the Following Information Rusch Should Report Earnings Per Share of A)$3

Craig Rusch Corporation Reports the Following Information Rusch Should Report Earnings Per Share of
A)$3