Edmond Biometrics reported net income of $600.000 for both last year and the current year. The shares outstanding for the prior year were 200,000 shares for the whole year. On December 1 of the current year, Edmond declared a two for one stock split. There were no other stock transactions in either year Compute the EPS that would be shown on a comparative income statement for Years 1 and 2. (Round your answer to the nearest cent.) A. Year 1 $3.00; Year 2 $1.50
B. Year 1 $3.00; Year 2 $1.20
C. Year 1 $1.50; Year 2 $1.50
D. Year 1 $3.00: Year 2 $0.86

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.