Marsh Co Had 2,400,000 Shares of Common Stock Outstanding on January

question 148

Multiple Choice

Marsh Co. had 2,400,000 shares of common stock outstanding on January 1 and December 31, 2015. In connection with the acquisition of a subsidiary company in June 2014, Marsh is required to issue 100,000 additional shares of its common stock on July 1, 2016, to the former owners of the subsidiary. Marsh paid $100,000 in preferred stock dividends in 2015, and reported net income of $1,700,000 for the year. Marsh's diluted earnings per share for 2015 should be

• A) $0.71.
• B) $0.68.
• C) $0.67.
• D) $0.64.

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Definitions:

Emotional Style

Refers to a person's characteristic way of perceiving, experiencing, and responding to emotions.

Think Before They Act

A principle that emphasizes the importance of reflection and planning before taking any action to ensure thoughtful and informed decisions.

Emotional Style

An individual's characteristic way of perceiving and expressing emotions in daily life.

Fine-tune

Making small adjustments to something to improve its performance or effectiveness.