Net Income Was $240,000 for the Year

question 29

Multiple Choice

Net income was $240,000 for the year.Throughout the year the company had outstanding 12,000 shares of 6%, $50 par value preferred stock and 75,000 shares of common stock.Basic earnings per share of common stock for the year were:

• A)$2.34
• B)$2.72
• C)$3.20
• D)$3.68

---

Definitions:

Risk Factors

Characteristics or conditions that are associated with an increased chance of developing a disease or injury.

Genetic Influences

The impact that genes inherited from parents have on an individual's traits, behaviors, and likelihood of developing certain conditions.

Ineffective Parenting

Parental behaviors that fail to adequately support, discipline, or respond to a child's needs, potentially leading to negative outcomes.

Middle-class Neighborhood

A residential area characterized by households typically earning near the national median income, often with a stable economic and social environment.