Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for 2012, lbj corporation reported net income of $

For 2012, LBJ Corporation reported net income of $75,000; net sales $750,000; and weighted...

80.2K

Verified Solution

Question

Accounting

For 2012, LBJ Corporation reported net income of $75,000; net sales $750,000; and weighted average shares outstanding of 7,500. There were no preferred stock dividends. What was the 2012 earnings per share?

a) $100

b) $50

c) $10

d) $110

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

a) What is the nickel ion concentration in a solution prepared by mixing 379mL of 0.419...

Biology
1.2K views

Explain how alteration in DNA sequences contribute to variation that can be subject to natural selection....

Mechanical Engineering
1.2K views

The levels of combustible species in the exhaust of a direct-injection diesel engine are: HC, 0.8 g/kW.h;...

Psychology
1.2K views

Perception illusions, or optical illusions, illustrate that our visual perception cannot be always trusted. Another is...

Biology
1.2K views

Which of the following apply to quorum sensing: Group of answer choices A. quorum sensing...

Basic Math
1.2K views

A painter has been assigned to paint 2 600 Lf of trim He is to...

Calculus
1.2K views

3 At t 0 a train approaching a station begins decelerating from a speed of...

Algebra
1.2K views

mplify the first trigonometric expression by writing the simplified form in terms of the second...

Algebra
1.2K views

8 Jim and Joe are brothers Joe is 30 older than Jim If Joe is...

Accounting
1.2K views

1) Can you deduct the household employment tax if you are the employer? if so,...

Accounting
1.2K views

leregiraki Fart I Lakenaile leregiraki Fart I Lakenaile

Accounting
1.2K views

An expenditure is an example of what the GASB terms an outflow of resources? True...