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Birch Corporation had net income for the year of $101,504 and a simple capital structure consisting of the following common shares outstanding: Months Outstanding Number
Birch Corporation had net income for the year of $101,504 and a simple capital structure consisting of the following common shares outstanding:
| Months Outstanding | Number of Shares | ||
| | | ||
| January - February | 24,000 | ||
| March - June | 29,400 | ||
| July - November | 36,000 | ||
| December | 35,040 | ||
| | |||
| Total | 124,440 | ||
| |
| Birch Corporations basic earnings per share (rounded to the nearest cent) were | |
| A. | $2.90 |
| B. | $3.26 |
| C. | $3.45 |
| D. | $3.20 |
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Information Technology Control And Audit
Authors: Angel R. Otero
5th Edition
1498752284, 9781498752282
