Financial Statement Data for This Year and Last Year for Hanscombe

question 120

Multiple Choice

Financial statement data for this year and last year for Hanscombe Corp. are as follows: $$\begin{array} { l r r } & \text { Current Year } & \text { Last Year } \\\text { Net income } & \$ 5,600,500 & \$ 4,988,000 \\\text { Preferred dividends } & 60,000 & 60,000 \\\text { Average number of common shares outstanding } & 125,000 & 110,000\end{array}$$
Earnings per share for each year were

• A) Current year: $44.32; Last year: $44.80
• B) Current year: $44.80; Last year: $44.32
• C) Current year: $44.80; Last year: $45.35
• D) Current year: $45.35; Last year: $44.80

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Definitions:

Stimulus-Response Associations

The connection formed between a stimulus and a natural or learned reaction.

Immediate Experience

Direct, real-time perception and sensation of events without the filter of reflection or analysis.

Unconscious Motivation

Drivers of behavior that are not within an individual's conscious awareness, influencing actions and feelings without the individual realizing it.

Introspection

Inspecting or watching one's own mental and emotional activities.