Oregon, Inc

question 71

Multiple Choice

Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares of $100 par, 5% preferred stock and 10,000 shares of $5 par common stock outstanding. Oregon's earnings per share is

• A) $8.00
• B) $18.00
• C) $5.08
• D) $5.00

---

Definitions:

Exempt

Describes the status of being free from an obligation, duty, or requirement set forth by legal, regulatory, or other rules.

Motor Vehicle

A road vehicle, such as a car or motorcycle, powered by an internal combustion engine or electric motor, used for transporting passengers or goods.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Trustee

A person or organization that holds and manages assets or property for the benefit of another party, referred to as a beneficiary.