Shamrock Company Had Net Income of $30,000

question 104

Multiple Choice

Shamrock Company had net income of $30,000.On January 1,there were 8,000 shares of common stock outstanding.On April 1,the company issued an additional 2,000 shares of common stock.The company declared a $2,700 dividend on its noncumulative,nonparticipating preferred stock.There were no other stock transactions.The company has an earnings per share of:

• A)$2.87
• B)$2.73
• C)$3.41
• D)$3.16
• E)$3.75

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Definitions:

Multiparty Negotiations

discussions or bargaining processes involving more than two parties or groups to reach an agreement.

Greater Strength

Refers to the higher level of power or influence one party can have in a negotiation or conflict situation.

High Performance

Exceeding standard levels of output or success in activities, tasks, or functions.

Task Groups

Teams or groups formed to accomplish specific objectives or tasks.