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:

Advanced Counseling

A level of counseling practice that incorporates deeper therapeutic techniques and approaches, often implying a higher level of expertise and training in the field.

Relapse Prevention

A strategy in addiction treatment and mental health for reducing the likelihood of returning to unhealthy behaviors after making progress towards recovery.

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Any bodily movement produced by skeletal muscles that requires energy expenditure, such as exercise or sports.

Motivational Counseling

An approach that centers on the client and boosts the desire to change from within through the examination and resolution of uncertainties.