On December 31, 2012, Johnson Corporation Reported Total Revenue of $750,000

question 64

Multiple Choice

On December 31, 2012, Johnson Corporation reported total revenue of $750,000 and total expenses of $425,000. Johnson had 4,000 shares of stocks outstanding. Also, as of January 1, 2012, Johnson had issued stock options that allowed employees to receive 1,000 shares of stock for free at a time of their choosing in the future. As of December 31, none of these stock options had been exercised. What is basic earnings per share for Johnson Corporation?

• A) $106.25
• B) $85
• C) $81.25
• D) $75

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Definitions:

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a society considers appropriate for men and women.

Leadership Responsibilities

The obligations and duties associated with guiding and directing a group or organization towards achieving its goals.

Primary Sex Characteristics

The physical features present at birth and directly involved in human reproduction, such as ovaries in females and testes in males.

Menarche

The occurrence of the first menstrual period in a young woman, signifying the beginning of reproductive capability.