In order to be classified as ordinary gain or loss item in the income statement, an event or transaction should be?

A) unusual in nature, infrequent, and material in amount.

B) unusual in nature and infrequent, but it need not be material.

C) infrequent and immaterial in amount, but it need not be unusual in nature.

D) unusual in nature and immaterial, but it need not be infrequent.

Staring corporation has an infrequent loss of 150000, an unusual gain of 105000, and a tax rate of 40 percent. At what amount should staring corporation report each item on the income statement?

Loss Gain

A) (150,000) 105,000

B) (150,000) 63,000

C) (90,000) 105,000

D) (90,000) 63,000

In 2018, Robin Corporation reported net income of 600,000. It declared preferred stock dividends of 150,000 and common stock dividends of 60,000. During 2018, Robin corporation had 200,000 weighted average common shares outstanding. Compute robin Corporation's 2018 earnings per share.

A) 1.95

B) 2.25

C) 3.00

D) 3.75