The Abel Company Provided the Following Information from Its Financial

question 35

Multiple Choice

The Abel Company provided the following information from its financial records: $\begin{array}{lclc}\text { Net income } & \$ 285,000 & \text { Common shares outstanding } &440,000 \\&&1 / 1 \\ \text { Common stock dividends }&\$ 27,000 & \text { Common shares outstanding } &505,000 \\&&12 / 31\\ \text { Preferred stock } & \$ 28,500 & \text { Preferred shares }&27,000 \\\text { dividends } & & \begin{array}{l}\text { outstanding 1/1 }&\end{array} \\\text { Sales } & \$ 970,000 & \text { Preferred shares }& 23,000 \\& & \begin{array}{l}\text { outstanding 12/31 } \\\end{array} \end{array}$ What is the amount of the company's earnings per share?

• A) $0.60
• B) $0.67
• C) $0.54
• D) $29.38

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to gradually reduce anxiety and phobias through controlled exposure to the feared object or situation combined with relaxation exercises.

Social Skills Training

An educational process aimed at improving an individual's ability to interact effectively with others in various social contexts.

Active Listening

A communication technique that involves giving full attention to the speaker, understanding their message, providing feedback, and retaining the information.

Drug Therapies

Treatments involving the use of pharmaceutical drugs to heal or relieve symptoms of diseases or disorders.