The Heath Corporation reported net income for 2018 of $177,500. Heath began the year with 100,000 shares of $5 par value common shares outstanding and 2,500 shares of $100 par value 8% preferred shares outstanding. On October 1, Heath sold 10,000 shares of common stock for $6 per share. Heath paid dividends to the common shareholders in December. The weighted average number of common shares used to compute earnings per share for 2018 is
A. 105,000.
B. 100,000.
C. 102,500.
D. 110,000.
Answer: C
You might also like to view...
In which of the following periods was unemployment the highest in the U.S. economy??
A. Great Depression B. Economic liftoff period C. Long boom period D. Reorganization period
If an oral contract has been declared unenforceable under the statute of frauds, yet one of the parties has rendered some performance under the contract that conferred benefits on the other party, he or she can recover the reasonable value of the performance in ________.
A. collateral enforcement B. quasi contract C. promissory estoppel D. guaranty contract
In the fashion apparel industry, fill rates greater than 70% are hard to achieve because ______.
A. new products are introduced only occasionally B. top-selling fashions sell out quickly C. fashions do not change very often D. customers are easily satisfied with older fashions
Following back surgery, Bobbi developed an addiction to her prescription pain medication. She enrolled in a drug treatment program and is not currently using the drugs. Since her employer already gave her medical leave for her surgery, they are not required to make any additional accommodations for her drug-related disability.
Answer the following statement true (T) or false (F)