At January 1, 2013, Karpo Corporation Had the Following Share

question 20

Multiple Choice

At January 1, 2013, Karpo Corporation had the following share capital: On July 1, 2013, the board of directors declared and paid a 10% common stock dividend. On October 1, 2013, the company sold an additional 20,000 common shares for proceeds of $280,000. The corporation earned $150,000 during the year and declared $30,000 in dividends to preferred shareholders.
-Earnings per share for 2013 is

• A) $7.74.
• B) $9.55.
• C) $8.39.
• D) $9.68.

---

Definitions:

Heterozygotes

Individuals having two different alleles at a locus, resulting in a variation of a genetic trait.

Codominance

Effect in which the full and separate phenotypic effects of two alleles are apparent in heterozygous individuals.

Heterozygous

Genetic condition of having two different alleles at a locus on a chromosome.

Hybrid

A heterozygous individual.