Fast Track Co. had 150,000 shares of common stock outstanding on January 1st 2013. On April 1st the company performed a 2-for-1 stock split and on September 1st the company issued 60,000 common shares for cash. Net income for 2013 was $150.400. What is Fast Track's earnings per share for 2013? Select one: O a. $0.716 b. $0.418 O c. $0.470 O d. $0.885 Clear my choice In 2014, Adams Co. issued 400, $1,000 par value, 6% convertible bonds. Each bond was convertible into 20 shares of the company's $30 par value common stock. In 2015, the company had net income of $300,000, and 110,000 common shares were outstanding. Assume a 30% tax rate. What is Adams' diluted earnings per share for 2015? Select one: 0 a $2.746 O b. $2.880 O c. $2.727 O d. $2.685 Clear my choice Which of the following items leads to the creation of a deferred tax asset? Select one: O a. Expected litigation losses are deducted for book purposes but not allowable for tax purposes. O b. All of these choices are correct c. Magazine subscription revenue collected in advance is included in taxable income but not financial income. O d. Net operating loss carried forward Clear my choice