Hello! I need help with these 3 quick questions. Thank you in advance!

1)

Which of the following needs to be adjusted, if a restatement of a prior period financial statement is necessary?

Group of answer choices

Revenue

Retained earnings

Contingent Liabilities

Long-term Liabilities

Fixed Assets

2)

Fifle Company purchased a copyright from Filene Corporation on January 1, 20X4. Fifle agreed to make payments of $10,000 per year for 5 years, with the first payment being made immediately. The copyright will also be amortized over 5 years. Assume an interest rate of 7 percent per year is appropriate. At what value will the copyright be recorded on January 1, 20X4? Group of answer choices

$43,872

$60,757

$40,000

$44,390

$50,000

3)

A company has 200,000 shares of authorized common stock and 40,000 shares outstanding on January 1, Year One. The company issues 10,000 more shares of common stock on April 1 and another 25,000 shares on July 1. Net income for the year is reported as $600,000. What is the earnings per share? Group of answer choices

$13

$7

$8

$10

$12