Company X Has Net Sales Revenue of $780,000,cost of Goods

question 109

Multiple Choice

Company X has net sales revenue of $780,000,cost of goods sold of $343,200 and all other expenses of $327,600 for the current year.At the beginning of the year,503,000 shares of common stock were outstanding,and,at the end of the year,537,000 shares of common stock were outstanding.The basic EPS for the company is:

• A)$1.50.
• B)$0.84.
• C)$0.21.
• D)$0.87.

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Definitions:

Payment Salaries

The process of disbursing funds to employees as compensation for their work over a certain period.

Special Journal

A designated financial journal in accounting that records specific types of transactions, such as sales or purchases, to simplify and streamline accounting processes.

Customer Balances

The amounts owed by customers to a business for goods or services provided on credit.

Specified Date Range

A distinct period marked by a starting date and an ending date, often used for reporting or analysis purposes.