A. B. C. D.

Olive Company information is noted below: Net Income Cash dividends paid on preferred stock Cash dividends paid on common stock Average number of preferred shares outstanding Average number of common shares outstanding Market price per share of common stock at year-end 20x2 20x1 $150,000 $120,000 15,000 15,000 42,000 38,000 20,000 20,000 105,000 95,000 25.10 22.70 and note if the level of profitability per share has Earnings per share for 20X2 would be reported as increased or decreased from the prior year. a. $1.20 and profitability has increased. b. $1.29 and profitability has increased. C. $1.43 and profitability has decreased. d. $1.08 and profitability has decreased. Allied Inc. has an ending Retained Earnings balance of $51,100. If during the year Allied paid dividends of $4,300 and had net income of $22,500, then what was the beginning Retained Earnings balance? O a. $69,300 O b. $32,900 O C. $300 O d. $24,300 Earnings per share is an indication of how much O a. cash the company has for each share of outstanding common stock. O b. the company earned for each share of outstanding common stock. C. the company paid as dividends for each share of common stock held by stockholders. O d. the company earned for each share of outstanding common and preferred stock. The balance sheet of Cool Corporation reported 300,000 shares outstanding, 400,000 shares authorized, and 40,000 shares in treasury stock. How many shares are issued? O a. 300,000. O b. 340,000. O C. 360,000. O d. 400,000