The Following Information Relates to the Simplex Company for 2011

question 60

Multiple Choice

The following information relates to the Simplex Company for 2011:

What is diluted earnings per share?

• A) $1.00
• B) $0.89
• C) $0.81
• D) $0.76

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Definitions:

Measurement System

The collection of units of measurement and rules relating them to each other, used to quantify physical quantities.

Accounting Equation

A fundamental principle of accounting stating that assets equal liabilities plus owners' equity, representing the balance sheet's structure.

Assets

Resources owned or controlled by a business, expected to produce benefits or economic value in the future.

Liabilities

The financial obligations of a business entity, including debts and other amounts owed to creditors.