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:

Executive Disturbance

Disruptions or impairments in the executive functions of the brain, affecting tasks such as planning, organizing, and managing time.

Linguistic Hallucinations

Hallucinations involving the perception of voices or other sounds that have no physical source, often related to mental health conditions.

Mercury Preservative

refers to compounds containing mercury used to prevent bacterial and fungal growth in vaccines, though its use has significantly decreased due to health concerns.

Viral Infection

An infection caused by a virus, a type of microscopic organism that invades living cells to reproduce, potentially causing disease in the host organism.