At December 31, 2024 and 2023, Markle Company had 100,000 shares of common stock and...
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Accounting
At December 31, 2024 and 2023, Markle Company had 100,000 shares of common stock and 5,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2023. Net income for 2024 was $500,000. For 2024, basic earnings per share was:
Multiple Choice
$2.50.
$4.50.
$4.75.
$5.00.
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