Earnings Per Share Is Only Computed For

question 72

Multiple Choice

Earnings per share is only computed for:

• A)preferred stock.
• B)treasury stock.
• C)common stock.
• D)preferred and common stock.

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Definitions:

Extract

A substance obtained from a plant, animal, or mineral, often used for flavoring or in medicine.

Sell

The act of giving something in exchange for money.

Extraction Costs

The expenses associated with the removal of natural resources from the earth, such as mining for minerals or drilling for oil.

Nonrenewable Resource

A natural resource that cannot be replaced once it has been used or is not replenished in a short period of time, such as fossil fuels and minerals.