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

question 81

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 diluted earnings per share for Johnson Corporation?

• A) $106.25
• B) $85
• C) $81.25
• D) $65

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Definitions:

Unclassified Balance Sheet

A balance sheet where assets, liabilities, and equity are not categorized into subgroups, presenting a simplified overview.