Use a Day Counting Table to Find the Exact Number

question 35

Multiple Choice

Use a day counting table to find the exact number of days from the first date to the second date. Assume the year is not a leap year unless otherwise indicated.
-December 3 to May 19 (the year of the May date is a leap year)

• A) 169
• B) 167
• C) 166
• D) 168

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities.

Net Income

The total profit of a company after all expenses, including taxes, have been deducted from revenues.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share of the profits.

Earnings Per Share

A company's profit divided by the number of common shares outstanding, indicating the profitability on a per-share basis.