$4$

$9.$ At December $31,2027,$ the Suppa Company had $500,000$ shares of common stock issued and outstanding. Of those shares, $400,000$ were outstanding the entire year and $100,000$ were issued on October $1,2027.$ Net income for the year ended December $31,2027$ was $$2,144,000.$ The company has $100,000$ shares of $$10$ par, $8\%$ cumulative, nonconvertible Preferred Stock outstanding. The company had no potential diluters. What should be Suppa's $2027$ Basic EPS, rounded to the nearest penny?

a$.$ $$4\mathrm{.}29$

b$.$ $$4\mathrm{.}76$

c$.$ $$4\mathrm{.}86$

d$.$ $$5\mathrm{.}36$

e$.$ $$5\mathrm{.}04$

$10.$ The following information pertains to Jet Corp.$\text{'}$s outstanding stock for $2027.$

Common Stock, $$5$ par value

Shares outstanding, $\frac{1}{1}\frac{?}{2027},40,000$ shares

$2$ for $1$ split, $4/1/2027$

$40,000($total of $80,000$ new shares outstanding$)$

Additional shares issued, $7/1/2027$

$20,000$

How many weighed average number of shares should Jet use to calculate $2027$ Basic EPS?

a$.80,000$

b$.90,000$

c$.100,000$

d$.108,000$

$11.$ On January $1,2027,$ Oak Corp. granted stock options to certain key employees as additional compensation. The options were for $1,000$ shares of Oak's $$2$ par value common stock at an option price of $$11$ per share. Estimated "total" fair value of the options on January $1,2027$ was $$20$ per option. The options are exercisable beginning January $1,2030,$ and expire December $31,2033.$ On April $1,2030$ all options were exercised. On that date, the fair value of the options was estimated to be $$23$ per option. What amount of pretax compensation expense should Oak report on its $2027$ Income Statement related to these options?

a$.$ $$3,000$

b$.$ $$9,000$

c$.$ $$2,250$

d$.$ $$2,000$

e$.$ None of the above