Determine the earnings per share of common stock


Response to the following problem:

The stockholders equity of a corporation is composed of 10,000 shares of $5 preferred stock, $50 par value, $500,000; paid-in capital in excess of par"preferred stock, $15,000; common stock, 100,000 shares, $10 par, $1,000,000; paid-in capital in excess of par"common stock, $100,000; retained earnings beginning of the period, $80,000. The net income is $75,000.

1. The paid-in capital attributable to preferred stock is $

2. The paid-in capital attributable to common stock is $

3. The total amount available for common dividends is $

4. The earnings per share of common stock is $

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Financial Accounting: Determine the earnings per share of common stock
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