1.

All of the following normally are found in a corporation's stockholders' equity section except

Select one:

a. Stock Dividend Distributable

b. Cash Dividend Payable

c. Paid-in Capital in Excess of Par Value

d. Retained Earning

2.

All of the following normally are found in a corporation's stockholders' equity section except

Select one:

a. Stock Dividend Distributable

b. Cash Dividend Payable

c. Paid-in Capital in Excess of Par Value

d. Retained Earning

3.

Jostens Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% bonds outstanding during 2024. The preferred stock is convertible into 20,000 shares of common stock. During 2024, Jostens paid dividends of $1.20 per share on its common stock and $2.50 per share on its preferred stock. Each $1,000 bond is convertible into 10 shares of common stock. The net income for the year ended December 31, 2024 was $800,000. Assume the income tax rate was 30%. Diluted earnings per share for 2024 (rounded to the nearest penny) are:

Select one:

a. $3.64

b. $3.35

c. $2.94

d. $3.28

e. $3.22