The theory of comparative advantage implies that Multiple Choice the U. S. could have a comparative disadvantage in producing all goods and services. two countries can have a comparative advantage in production of the same good. the world gains from trade since it allows production to move to the countries where their opportunity cost is lowest. the country with the comparative advantage also has an absolute advantage.

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation