During 2010, Omni Corp

question 59

Multiple Choice

During 2010, Omni Corp.had net income of $300, 000.Included in net income was after-tax interest expense of $20, 000 on convertible bonds.The $200, 000 face value of convertible bonds can be converted into common stock at the rate of 200 shares per $1, 000 bond.Prior to the conversion, there were 400, 000 shares of common stock outstanding.The fully diluted earnings per share is

• A)$0.636
• B)$0.727
• C)$0.750
• D)not determinable because the bonds are not dilutive

Understand the phenomena of familiarity, source confusion, and their roles in memory errors.

Evaluate the reliability of eyewitness testimony, especially under conditions like hypnosis.

Identify factors leading to false memories and memory intrusions.

Differentiate between true memories and false memories including factors that influence memory accuracy.

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Definitions:

Needs And Wants

Basic requirements for survival (needs) contrasted with desires that can be fulfilled through purchasing goods and services (wants).

Managerial Accounting

Managerial accounting involves the processes of identifying, analyzing, recording, and presenting financial information that can be used internally by managers for planning, decision-making, and operational control.

Financial Accounting

The field of accounting focused on the summary, analysis, and reporting of financial transactions relating to a business, following standardized guidelines.

Raw Materials Inventory

The total cost of all components that are intended to be used in the production of a product but have not yet been used.