Shamrock Company Had Net Income of $30,000

question 195

Multiple Choice

Shamrock Company had net income of $30,000. The weighted-average ordinary shares outstanding were 8,000. The company declared a $2,700 dividend on its noncumulative, nonparticipating preference shares. There were no other share transactions. The company's earnings per share is:

• A) $2.87.
• B) $2.73.
• C) $3.41.
• D) $3.16.
• E) $3.75.

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Definitions:

Benevolent

Characterized by or expressing goodwill or kindly feelings, often involving acts of kindness and charity.

Humanitarian Attitude

A perspective that emphasizes compassion and action towards alleviating human suffering, often motivating work in fields such as disaster relief and human rights.

Samsara

Reincarnation where the soul undergoes a series of births and deaths.

Reincarnation

Reincarnation is the belief or philosophical concept that the soul or spirit, after biological death, can begin a new life in a new body.