Vent, Inc. reported net income of $770,000 for 2018. Vent sold 15,000 shares of treasury stock acquired in a previous year on July 1 and 15,000 new shares on November 1. At year-end, 180,000 shares were outstanding. Vent had 20,000 shares of $100 par value 7% preferred stock outstanding all year. Vent paid dividends to the preferred shareholders.The basic earnings per share for 2018 is (rounded)
A. $3.50 per share.
B. $4.81 per share.
C. $3.94 per share.
D. $6.10 per share.
Answer: C
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The issuance of stock is reported as a financing activity
a. True b. False Indicate whether the statement is true or false
Every month, Dr. Combahee takes her staff to lunch and asks them to share patients' comments and concerns. Dr. Combahee uses the lunches as an informal marketing research effort intended primarily to
A. monitor her competitors. B. decrease the uncertainty associated with decision making. C. provide a link between herself and her profession. D. help her understand the needs of her customers. E. improve profitability.
Grossnickle Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?
A. $1,281.57 B. $1,000.85 C. $1,013.05 D. $1,220.55 E. $1,196.13
An express warranty does not require that the warranty be expressed in written words
Indicate whether the statement is true or false