Question: Please answer question 2 Question 1 3 p At December 31, 20X2, Jamal, Inc. had 500,000 shares of common stock issued and outstanding, 400,000 of
Please answer question 2
Question 1 3 p At December 31, 20X2, Jamal, Inc. had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 20X2. Net income for the year ended December 31, 20x2, was $1,530,000. What should be Jamal's 20x2 earnings per common share, rounded to the nearest penny? O $3.03 $3.82 $3.60 $3.40 Question 2 3 pts Which of the following is not a basic right of stockholders? To inspect the books of account and to insist upon an audit in the event of dissatisfaction with results revealed by such inspection To participate in the profits of the corporation through dividends declared by the board of directors. To share in the distribution of assets of the corporation at liquidation or through liquidating dividends. To sell stock in the corporation at a price exceeding its cost. Question 3 3 pts How should again" from the sale of treasury stock be reflected when using the cost method of recording treasury stock transactions? As ordinary earnings shown on the income statement
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