Mayan Company Had Net Income of $132,000

question 59

Multiple Choice

Mayan Company had net income of $132,000.The weighted-average common shares outstanding were 80,000.The company sold 3,000 shares before the end of the year.There were no other stock transactions.The company's earnings per share is:

• A)$1.65.
• B)$1.59.
• C)$44.00.
• D)$26.67.
• E)$1.71.

---

Definitions:

Absolute Refractory Period

A time period immediately following an action potential during which a neuron is incapable of firing a second action potential, no matter the strength of the stimulation.

Sodium Ions

Electrically charged particles of sodium, essential in physiological processes such as nerve impulse transmission and muscle contraction.

Neuron

A particular cell dedicated to transmitting signals in the nervous system; a neuron.

Hippocampus

A component of the brain located within the temporal lobe, crucial for memory formation and spatial navigation.