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Cracker Company Had 2 Million Shares of Common Stock Outstanding

question 179

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Cracker Company had 2 million shares of common stock outstanding all through 2017. On April 1, 2018, an additional 100,000 shares were sold and issued. On September 30, 2018, Cracker declared a 2-for-1 stock split. Net income in 2018 and 2017 was $10 million and $8 million, respectively. In the 2018 comparative financial statements, EPS (rounded) would be reported as follows: Cracker Company had 2 million shares of common stock outstanding all through 2017. On April 1, 2018, an additional 100,000 shares were sold and issued. On September 30, 2018, Cracker declared a 2-for-1 stock split. Net income in 2018 and 2017 was $10 million and $8 million, respectively. In the 2018 comparative financial statements, EPS (rounded)  would be reported as follows:   A)  Option A B)  Option B C)  Option C D)  Option D


Definitions:

Slow-Twitch Fibers

Muscle fibers characterized by their slow contraction speed and high endurance capacity, primarily utilizing aerobic respiration for energy.

Olympic

Relating to the ancient or modern Olympic Games, a series of athletic competitions among representatives of various countries.

Aerobically

Pertaining to processes or activities that require the presence of oxygen, often used in the context of exercise or cellular metabolism.

Osteoporosis

A condition characterized by weakened bones, increasing the risk of fractures, commonly occurring in the elderly.

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