Multiple Choice
XYZ reported the following equity accounts on December 31 of this year: Additional Information:
(1) The Board of Directors declared a 10 percent stock dividend on all classes of shares on April 1,and issued these shares on August 1.
(2) Income for the period was $88.
(3) There were no share transactions during the year,other than the stock dividend.
The basic earnings per share amount is: (Rounded to the nearest cent.)
A) $1.52.
B) $1.68.
C) $2.00.
D) $2.20.
E) There would not be a basic earnings per share figure for XYZ this year.
Correct Answer:
Verified
Correct Answer:
Verified
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