Hardister Corp

question 74

Multiple Choice

Hardister Corp. Hardister Corp. has the following information available from its financial statements for 2012:
Refer to the Hardister Corp. information above. Assuming Hardister has no preferred stock and the average number of common shares outstanding was 10,000, what would be earnings per share for 2012? (round to two decimal places)

• A) $ 80.00
• B) $ .02
• C) $ 50.00
• D) $300.00

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Definitions:

Non-Owner Sources

Financial resources that come from outside the equity holders of a firm, typically involving debt financing or other forms of external capital.

EPS Numbers

Earnings Per Share, a key metric used to determine the profitability of a company on a per-share basis.

GAAP

Stands for Generally Accepted Accounting Principles, constituting a framework of accounting standards, guidelines, and procedures used in the United States.

Special Or Unusual Items

Items in financial statements that are unusual due to their nature or infrequency, and which can significantly affect net income.