Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company has no preferred stock. There were no other stock transactions. The company's earnings per share is:
A. $1.65.
B. $1.59.
C. $26.67.
D. $1.71.
E. $44.00.
Answer: A
You might also like to view...
Telling the audience about relevant deadlines and how you can be reached should be done in which section of the direct formatted message?
A) Opening paragraph B) Immediately after the explanation of what you want C) In the body of the message D) In the closing paragraph of the message E) In the paragraph above the close that explains information relating to your request
What are the steps involved in developing effective marketing communications?
What will be an ideal response?
FASB Statement 124, Accounting for Certain Investments of Not-for-Profit Organizations, require that investments in equity securities with readily determinable values be reported at fair value.
Answer the following statement true (T) or false (F)
Which of the following is least likely to be an accurate statement concerning characteristics of an audit?
A. An analysis of inventory turnover can indicate possible obsolescence of inventory. B. The direction of tests for understatement errors is generally directed from the recorded entry to source documents. C. Use of a perpetual rather than a periodic inventory system is likely to affect the nature of cutoff errors made at year-end. D. Characteristics of the double entry bookkeeping system make it possible to test for overstated sales when tests of accounts receivable are being performed.