ADMS 3595 Study Guide - Treasury Stock, Call Option, Net Income
14 Apr 2013
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Professor sung kwon (course director) and ms. patricia farrell. 2: multiple choices: choose the best answer. (30 @ 2 points) Put the letter corresponding to the best answer on the scantron form and circle the best answer on the exam paper for your future reference. (only your answers on the scantron form will be graded. ) Income available to common shareholders is calculated as: net income after taxes, net income less amounts set aside for other securities c, revenue less expenses related to ongoing business operations. At december 31, 2012, beta corp had 500,000 common shares outstanding, 400,000 of which were issued and outstanding throughout the year and 100,000 of which were issued on october 1, 2012. Net income for the year ended december 31, 2012, was ,000. Basic earnings per share for 2012 would be: . 02, . 13, . 20, . 27. At december 31, 2011, epsilon ltd had 500,000 common shares outstanding (no preferred shares issued).
