Colselo Has 200,000 Common Shares Outstanding for the Year and Net

question 67

Multiple Choice

Colselo has 200,000 common shares outstanding for the year and net income of $500,000. It has issued options to acquire 10,000 shares of common stock and has 20,000 shares of $100, 6% cumulative nonconvertible preferred stock, both of which were outstanding for the entire year. The exercise price for the options is $20 per share and the average market price during the year is $15 per share. Compute basic and diluted EPS.

• A) basic EPS $2.50; diluted EPS $2.38
• B) basic EPS $2.50; diluted EPS $1.81
• C) basic EPS $1.90; diluted EPS $1.90
• D) basic EPS $1.90; diluted EPS $2.38

Comprehend the impact of energy costs on agricultural practices, particularly in the production and use of nitrogen fertilizers.

Grasp the adaptive mechanisms of carnivorous plants in nutrient-poor environments.

Identify the role and significance of leghemoglobin in plant species.

Understand the biochemical requirements for nitrogen fixation in plants.

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Definitions:

Either/or Fallacy

A logical fallacy that presents only two options or outcomes when in reality more possibilities exist.

Creative Solutions

Innovative and effective answers or approaches devised to solve problems or challenges.

Open Mode

Open Mode is a state or approach characterized by openness, receptiveness, and readiness to explore new ideas, perspectives, or experiences without prejudgment.

Relaxed

A state of being free from tension and anxiety, often associated with leisure or recreation.