For 2014, Pink Flamingo Products Had Net Income of $1,000,000

question 39

Multiple Choice

For 2014, Pink Flamingo Products had net income of $1,000,000.On January 1, 2014, there were 1,000,000 shares outstanding.On July 1, 2014 the company issued 100,000 new
Shares for $20 per share.The company paid $200,000 in dividends to common shareholders.What is Pink Flamingo's basic earnings per share for 2014?

• A)$0.76
• B)$0.91
• C)$0.95
• D)$1.00

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Definitions:

Physical

Relating to or concerning the body as opposed to the mind or spirit.

Psychological

Relating to the mind or mental processes and how they influence behavior, emotions, and cognition.

Stressor

Any event or situation that causes stress, forcing an individual to adapt or react to mitigate the source of stress.

Stress Response

The body's reaction to any change that requires an adjustment or response, which can involve physical, mental, or emotional strain or tension.