Use the Table for the Question(s)below

question 54

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.Assuming that Luther has no convertible bonds outstanding,then for the year ending December 31,2015 Luther's diluted earnings per share are closest to:

• A)$1.01
• B)$1.04
• C)$1.53
• D)$3.92
• E)$4.04

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Definitions:

Bargaining Issue Determination

The process of identifying and defining the specific subjects or matters to be negotiated or discussed between parties, typically in the context of labor relations.

Direct Dealing

The negotiation process between employers and employees (or their representatives) without the involvement of third-party mediators or arbitrators.

Surface Bargaining

A term used in labor relations, referring to the practice of negotiating a contract without the intention of reaching a meaningful agreement.

Unilateral Change

Actions taken by one party, especially by an employer regarding work conditions, without agreement from the other party, such as employees or unions.