The Following Information Was Taken from the Records of Elton

question 20

Multiple Choice

The following information was taken from the records of Elton Corporation for the period ending December 31, 2012: Assuming that 6,000 shares of stock are outstanding, earnings per share is approximately

• A) $1.40
• B) $0.40
• C) $0.27
• D) $0.23

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Definitions:

Transparent Area

A region in a material or substance that allows light to pass through so that objects behind can be distinctly seen.

Outermost Layer

The surface or external layer of an object or organism.

Taste Cells

Specialized sensory cells located on the taste buds that are responsible for detecting the five basic tastes: sweet, sour, salty, bitter, and umami.

Innermost Layer

The deepest layer within a structure or object, often referring to the inner layer of bodily organs or the Earth.