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  • 1.  CMA Pop Quiz- Q&A 232

    Posted 05-18-2018 09:33 AM

    CMA Pop Quiz: Are you preparing for the #CMA exam? Take our #CMAPopQuiz!

    On January 1, Esther Pharmaceuticals had a balance of 10,000 shares of common stock outstanding. One June 1, the company issued an additional 2,000 shares of common stock for cash. A total of 5,000 shares of 6%, $100 par, nonconvertible preferred stock was outstanding all year. Esther's net income was $120,000 for the year. The earnings per share for the year were

    a. $7.50
    b. $8.06
    c. $10.00
    d. $10.75



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    Christine Purelis
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  • 2.  RE: CMA Pop Quiz- Q&A 232

    Posted 05-18-2018 09:46 AM
    Option A
    120000-30000(6% PS)=90000/10000+2000=7.5





  • 3.  RE: CMA Pop Quiz- Q&A 232

    Posted 05-18-2018 03:47 PM
    CMA Pop Quiz: How did you do on our #CMAPopQuiz? #CMA

    Solution: B

    3aN2xpTCTOycWkYpWdr4_CMA-PopQuizGraphic-Answer_-232-Part2-63.jpg

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    Christine Purelis
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