Use the Following Information for Questions

question 12

Multiple Choice

Use the following information for questions
During 2022, Amazing Corp.reported after-tax net income of $900,000 and paid $175,000 in common dividends.The weighted average number of common shares issued in 2022 was 200,000.There are no preferred shares issued.At year end, Amazing's common shares are selling for $81 per share on the Toronto Stock Exchange.
-Amazing's basic earnings per share for 2022 is

• A)$22.22.
• B)$3.63.
• C)$4.50.
• D)$5.14.

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Definitions:

Offer

A proposal presented by one party to another as a basis for negotiations to form a contract, requiring clear terms that can be accepted.

24-Hour Schedule

A rotation or work schedule that covers all hours of the day across a team or installation, ensuring operations or service availability around the clock.

Output Contract

An agreement between a seller and a buyer where the seller agrees to sell all the production to the buyer, who in turn agrees to purchase the entire output.

Operating Schedule

A plan or timetable outlining the hours or periods a facility, service, or piece of equipment is in operation.