From C213 Accounting for decision makers at Western Governors University

1. The following information was taken from the records of McDyce Corporation for the year ended December 31, 2013:
2. Dividends paid
3. $12,800
4. Service revenue
5. 90,500
6. Accounts payable
7. 139,750
8. Capital stock
9. 378,750
10. Total expenses
11. 67,000
12. Retained earnings (1/1/13)
13. 43,400
14. The net income at December 31, 2013 was

• $23,500
• $72,750
• $43,400
• $54,100

1. Bookmark question for later
3. The following information was taken from the records of Merle Corporation for the period ending December 31, 2012:
4. Advertising expense
5. $1,200
6. Equipment
7. 800
8. Accounts receivable
9. 1,500
10. Notes payable
11. 6,000
12. Retained earnings
13. 8,420
14. Utilities expense
15. 1,385
16. Revenues
17. 4,620
18. Dividends
19. 975
20. Interest receivable
21. 125
22. Rent expense
23. 655
24. Assuming that 3,450 shares of stock are outstanding, earnings per share is approximately

• $0.27
• $0.40
• $1.40
• $0.23