Use the Table for the Question(s)below

question 65

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.Luther has convertible bonds outstanding that would allow bondholders to convert their bonds into 700,000 shares of Luther stock.For the year ending December 31,2015 Luther's diluted earnings per share are closest to:

• A)$0.95
• B)$1.01
• C)$1.04
• D)$1.53
• E)$3.92

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Definitions:

Embezzlement

The act of dishonestly withholding or diverting funds that have been trusted to an individual's care, typically in a work or corporate setting.

White-Collar

Referring to jobs performed in an office or other administrative setting as opposed to manual labor jobs, usually involving professional, clerical, managerial, or administrative work.

Street Crimes

Include arson, burglary, assault, and other illegal acts disproportionately committed by people from lower classes.

White-Collar Crime

Non-violent crime committed by individuals, usually during the course of their occupation, for personal or corporate benefit.