Table 18-9
Partridge Company Provides the Following Information for the Year

question 177

Multiple Choice

Table 18-9
Partridge Company provides the following information for the year 2017:
$\begin{array}{|l|l|}\hline \text { Net income } & \$ 32,600 \\\hline \text { Market price of common shares } & \$ 2,00 / \text { share } \\\hline \text { Dividends paid - common shares } & \$ 0,10 / \text { share } \\\hline \text { Dividends paid - preferred shares } & \$ 1,00 / \text { share } \\\hline \text { Preferred shares outstanding at December } 31,2017 & 20,000 \text { shares } \\\hline \text { Common shares outstanding at December 31,2017 } & 150,000 \text { shares }\\\hline\end{array}$ Note: There were no new preferred shares issued in 2017; 60,000 common shares were issued on September 30, 2017.
-Refer to Table 18-9.How much was the earnings per share for 2017?

• A) $0.22
• B) $0.30
• C) $0.12
• D) $0.08

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Definitions:

1,200 Calories

A dietary energy intake level often cited for weight loss diets, providing a daily calorie goal that is lower than the average requirement for adults.

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology to alter its characteristics.

Organic

Refers to foods that are grown or produced without the use of synthetic pesticides, chemical fertilizers, genetically modified organisms, or ionizing radiation.

Portion Size

The amount of a particular food that is served or consumed in one occasion, impacting calorie intake and nutritional balance.