Net Income for Malt Corporation for 2017 Is $426,800

question 7

Multiple Choice

Net income for Malt Corporation for 2017 is $426,800.Malt issued 17,000 common shares and 2,000 shares of $2,cumulative preferred shares on January 1 of 2017.On November 1 of 2017,Malt Corporation reacquired and cancelled 3,100 of its common shares.No other share transactions occurred in 2017.What is earnings per share for 2017?

• A) $24.14
• B) $30.42
• C) $24.37
• D) $25.65

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Definitions:

Cognitive Restructuring

A therapeutic technique used to challenge and change negative and irrational thoughts to more positive and rational ones.

Emotion-Focused Coping

A type of stress management that involves trying to reduce the negative emotional responses associated with stress.

Anxiety-Provoking Situations

Circumstances or events that induce a state of anxiety or distress in an individual.

Externalizing Problems

A type of disruptive behaviour disorder under the DSM-IV classification exhibited by children who behave disruptively, cannot control their activity levels or impulses, or have difficulty concentrating. These behaviours are usually more disturbing to others than to the children themselves.