At december 31 2011 and 2010 miley corp had 180000 shares, Ask an Expert

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At December 31, 2011 and 2010, Miley Corp. had 180,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2011 or 2010. Net income for 2011 was $400,000.

REQUIRED: What does the 2011, earnings per common share amount to?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9625547

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