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:

Loud Alarm

A sound-producing device designed to alert or warn individuals of a specific condition or danger.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior conditioning or learning.

Food

A sustenance that individuals or creatures consume or imbibe to support existence and promote growth.

Unconditioned Response

An Unconditioned Response is an automatic, natural reaction to an unconditioned stimulus, not learned through previous experience.