At December 31, 2021 and 2022, Frist Company had outstanding 50 million common shares and 4 million shares of 10%, $10 par cumulative preferred stock. Net income for 2022 was $20 million. No dividends were declared in 2022. EPS for 2022 was: rev: 03_01_2021_QC_CS-255248 Multiple Choice $0.32. $0.37. $0.40. $0.48.

The dividend is a payout of profits from a firm to its investors. As long as a corporation makes a profit or surplus, it can distribute a part of that profit to shareholders. Any money left over is re-invested money into the organization. So, the answer is "" and its calculation can be defined as follows:

Given:

The Net income for

Common shares =

share=

Cumulative preferred stock=

Learn more:

answer///video, because samuel can show his work in real time and be better understood;

the answer is d i just took the test (provides the number of allowances an employee has claimed.)