Gail Inc Has 100,000 Common Shares Outstanding at the Beginning of of 2013

question 59

Multiple Choice

Gail. Inc. has 100,000 common shares outstanding at the beginning of 2013. The company issued an additional 50,000 common shares on July 1, 2013. Gail Inc.'s net income for the year ended December 31, 2013 was $300,000; its comprehensive income was $450,000. Gail Inc. paid dividends of $50,000 during the year. What was Gail Inc.'s basic EPS for 2013?

• A) $2.00
• B) $2.40
• C) $3.00
• D) $3.60

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Definitions:

Ecological Niche

The role and position a species has in its environment, including all of its interactions with the biotic and abiotic factors.

Trophic Level

The position an organism occupies in a food chain, defined by the number of steps it is from the primary source of energy.

Community Structure

The composition and arrangement of the biotic component in a particular area, often considering the diversity and abundance of species.

Species Richness

The number of species in a community.