Use the Table for the Question(s)below

question 18

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.For the year ending December 31,2015 Luther's earnings per share are closest to:

• A)$1.01
• B)$1.04
• C)$1.58
• D)$4.04
• E)$10.77

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Definitions:

Bonding

The process of creating a secure financial guarantee, typically via a bond, that protects against losses from failure to meet contractual obligations or perform duties.

Fidelity Bond

A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals, often employees.

Surety Bond

A three-party agreement where the surety guarantees to the obligee that the principal will fulfill an obligation or perform as agreed.

Distinguish

To recognize or treat someone or something as different from others.