Use the Table for the Question(s)below

question 16

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.For the year ending December 31,2006 Luther's earnings per share are closest to:

• A)$1.01
• B)$1.04
• C)$1.58
• D)$4.04

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Definitions:

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Default

Failure to make payments on a loan.

Loan Payments

Regular payments made by a borrower to a lender to repay a loan according to the agreed-upon terms.

Financing Statement

A document that lists the names and addresses of all the parties involved in the transaction, a description of the collateral, and the signature of the debtor.