Yoder, Incorporated, Has 3,600,000 Shares of Common Stock Outstanding OnDecember

question 127

Multiple Choice

Yoder, Incorporated, has 3,600,000 shares of common stock outstanding onDecember 31, 2014. An additional 800,000 shares of common stock were issued onApril 1, 2015, and 400,000 more on July 1, 2015. On October 1, 2015, Yoder issued 20,000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2015. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively?

• A) 4,400,000 and 4,400,000
• B) 4,400,000 and 4,500,000
• C) 4,400,000 and 4,800,000
• D) 4,800,000 and 5,600,000

---

Definitions:

Business Development Manager

A professional responsible for creating growth opportunities and developing strategies for an organization.

Communication

The process of exchanging or transmitting thoughts, messages, or information through speech, writing, signals, or behaviors.

Sales Team

A group of individuals working together with the aim to sell products or services, targeting achieving sales goals.

Person-Focused

Emphasizing the importance of individual traits, skills, and interests in various contexts, such as work or therapy.