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:

Direct Strategy

A communication method that involves straightforwardly presenting the primary message at the beginning of the communication.

Indirect Strategy

A communication approach where the key message is not presented immediately but rather introduced after providing background information or explanations.

Refuse Requests

The act of denying or rejecting an appeal or solicitation for something.

Monetary Contribution

A donation or payment made in the form of money to support a cause, organization, or individual.