11. By what must a company divide net earnings available to common sharcholders in eanings per common share? A. Ending number of common shares issued C. Average number of common shares outstanding 12. A company with net income of $450,000, 200,000 weighted-average shares of common shares outstanding, and 10.000 shares of $5 cumulative preferred stock outstanding would have earnings per share of $2.00 per share of common stock. A. True B. False 13. To determine the carmings per share, should be divided by the average number of common shares outstanding? A. net income + interest expense B. net income - preferred dividends C current market price of the stock 14. The standard equation for computing basic earnings per share (EPS) is A. Total Assets Total Liabilities Stockholder's Equity B. Basis EPS [Net Income - Preferred Dividends] Weighted Average Number of Common Shares Outstanding C. [Net Income-Common Dividends)/Weighted Average Number of Common Shares Outstanding 15. Sugarland Corporation had 200,000 common shares outstanding on January 1, 2015. They issued 30,000 additional shares on 4/1/2015 and 12,000 shares on 12/1/2015. What is the weighted average number of shares for the basic EPS computation at the end of 2015? A. 200,000 shares B. 222,500 shares C. 223,500 shares 16. Robinson Company had I million shares outstanding at the beginning of the year. On April 1, Robinson issued an additional 300,000 shares. On July 1, Robinson issued 200,000 more shares. What is Robinson's weighted average number of shares outstanding for the calculation of earnings per share? A. 1,000,000 shares B. 1.200,000 shares C. 1,325,000 shares 17. What adjustment needs to be made when computing the weighted average number of shares of common stock outstanding for a company whose shares were issued on April 1? The number of shares issued must be A added direcity to the numerator of the earnings per share equation with no adjustment neoded B. multiplied by 9 and then divided by 12 C. divided by 12 and then multiplied by 3. 18. Sacho Company's balance sheet on December 31, 2014 included the following