Randstad,Inc -Refer to Randstad,Inc

question 88

Multiple Choice

Randstad,Inc. Information from the financial statements is provided below:
$\begin{array}{ll}& \underline{ 2015 }& \underline { 2014 }\\\text { Net income } & \$ 150,000 & \$ 120,000 \\\text { Cash dividends paid on preferred stock } &15,000 & 15,000 \\\text { Cash dividends paid on common stock } &42,000 & 38,000 \\\text { Average number of preferred shares outstanding } &20,000 & 20,000 \\\text { Average number of common shares outstanding } &105,000 & 95,000 \\\text { Market price per share of common stock at year-end } &25.10 & 22.70\end{array}$
-Refer to Randstad,Inc.Earnings per share for 2015 would be reported as

• A)$1.08
• B)$1.20
• C)$1.29
• D)$1.43

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Definitions:

Real Defense

Legal defenses that can be used to challenge the validity of a contract, citing reasons such as fraud or duress.

Personal Defense

Strategies, practices, and methods used by an individual to protect themselves from harm or danger.

Promissory Note

A written promise to pay a specified sum of money to a certain individual or entity at a specified time or on demand, under specified conditions.

Fraud in the Inducement

A deceitful practice where a person is misled through misrepresentation to enter into a contract or agreement.