Use the Table for the Question(s)below

question 6

Multiple Choice

Use the table for the question(s) below.
Consider the following income statement and other information:
Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $ millions)
-Assuming that Luther has no convertible bonds outstanding,then for the year ending December 31,2019 Luther's diluted earnings per share are closest to:

• A)$1.01.
• B)$1.04.
• C)$1.28.
• D)$1.33.

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Definitions:

Bill of Lading

A legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of goods being carried.

Factory Payroll

Refers to the total amount of wages and salaries paid to employees working in a manufacturing or production facility.

Direct Labor

The wages of employees who are directly involved in the production of goods or services.

Manufacturing Overhead-Control

An account used to record the indirect costs associated with the production process, including expenses such as utilities and rent.