Chan Inc Has a Profit of $1,000,000 for 2013, and There

question 8

Multiple Choice

Chan Inc. has a profit of $1,000,000 for 2013, and there are 400,000 common shares issued. Dividends declared and paid during the year amounted to $200,000 on the preferred shares and $300,000 on the common shares. The earnings per share for 2013 is

• A) $2.50.
• B) $0.75.
• C) $2.00.
• D) $1.25.

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Definitions:

Aneurysm

An abnormal bulge or ballooning in the wall of a blood vessel, often leading to the risk of rupture.

Marfan's Syndrome

A genetic disorder that affects the body's connective tissue, leading to abnormalities in the heart, blood vessels, bones, joints, and eyes.

High-Density Lipoprotein (HDL)

A type of cholesterol in the blood, known as "good" cholesterol because high levels are associated with a lower risk of heart disease.

Low-Density Lipoprotein (LDL)

Often referred to as "bad" cholesterol, it contributes to plaque build-up in the arteries, which can lead to artery disease.