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

---

Definitions:

Scientific Observation

The active acquisition of information from a primary source, using standardized methods to gather empirical evidence in a scientific context.

Unbiased

Lacking prejudice or favoritism; fair and impartial.

Categorizing

The process of sorting or arranging objects, ideas, or information into groups based on shared characteristics.

Psychophysiological Measure

Methods used to study the relationship between physiological processes and psychological states through the measurement of physical responses, such as heart rate or brain activity.