Homework Answers
Answer will be Year 3 $1.78 Year 2 $1.75
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Strauch Co has one class of common stock outstanding and no other securities that are potentially...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during all of 2016. It also has 2 convertible securities outstanding at the end of 2016. These are: 1. Convertible preferred stock: 1,000 shares of 9%, $100 par, preferred stock were issued in 2015 for $140 per share. Each share of preferred stock is convertible into 3.5 shares of common stock. The current dividends have been paid. To date, no preferred stock has been converted....
On December 31, 2023, Berclair Incorporated had 420 million shares of common stock and 15 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024, Berclair purchased 96 million shares of its common stock a
On December 31, 2023, Berclair Incorporated had 420 million shares of common stock and 15 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding.On March 1, 2024, Berclair purchased 96 million shares of its common stock as treasury stock.Berclair issued a 5% common stock dividend on July 1, 2024.Four million treasury shares were sold on October 1.Net income for the year ended December 31, 2024, was $750 million.Also outstanding at December 31 were 63 million incentive...
Grimm Company has 2,900,000 shares of common stock outstanding on December 31, 2017. An additional 150,000...
Grimm Company has 2,900,000 shares of common stock outstanding on December 31, 2017. An additional 150,000 shares of common stock were issued on July 1, 2018, and 300,000 more on October 1, 2018. On April 1, 2018, Grimm issued 8,000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 40 shares of common stock. No bonds were converted into common stock in 2018. What is the number of shares to be used in computing basic earnings per share...
Sandhill Inc. is publicly traded and uses a calendar year for financial reporting. The company is authorized to issue 50 million common shares. At no time has Sandhill issued any potentially dilutive securities. The following is a summary of Sandhill’s co
Sandhill Inc. is publicly traded and uses a calendar year for financial reporting. The company is authorized to issue 50 million common shares. At no time has Sandhill issued any potentially dilutive securities. The following is a summary of Sandhill’s common share activities:Number of common shares issued and outstanding at December 31, 20186,180,000Shares issued as a result of a 10% stock dividend on September 30, 2019618,000Shares issued for cash on March 31, 20202,720,000Number of common shares issued and outstanding at December 31, 20209,518,000Sandhill issued its 2020 financial statements...
Ahnberg Corporation had 820.000 shares of common stock issued and outstanding at January 1, No common...
Ahnberg Corporation had 820.000 shares of common stock issued and outstanding at January 1, No common shares were issued during the year, but on January 1, Ahnberg issued 440,000 shares of convertible preferred stock. The preferred shares are convertible Into 880.000 shares of common stock. During the year Ahnberg paid $264,000 cash dividends on the preferred stock. Net Income was $3.790,000 What were Ahnberg's basic and diluted earnings per share for the year? (Round your answers to 2 decimal places.)...
Why couldn't This Be Easy, Inc. has two issues of securities outstanding: common stock and $5,500,000...
Why couldn't This Be Easy, Inc. has two issues of securities outstanding: common stock and $5,500,000 face value, 5-year, 3%, convertible bonds. The bonds were issued January 19, 2020, for $5,252,979 when the market rate was 4%. Bond interest payment dates are June 30th and December 31st. Each bond is convertible into 40 shares of $20 par value common stock. On July 1, 2020, the holders of $1,375,000 face value bonds exercised the conversion privilege. On that date, the bonds...
Why couldn't This Be Easy, Inc. has two issues of securities outstanding: common stock and $4,900,000...
Why couldn't This Be Easy, Inc. has two issues of securities outstanding: common stock and $4,900,000 face value, 5-year, 3%, convertible bonds. The bonds were issued January 1, 2020, for $4.679.926 when the market rate was 4%. Bond interest payment dates are June 30" and December 315. Each bond is convertible into 40 shares of $20 par value common stock. On July 1, 2020, the holders of $1,470,000 face value bonds exercised the conversion privilege. On that date, the bonds...
The (CMA adapted) is 884 Chapter 18 Dilutive Securities and Earwigu fel Prepare in good form...
The (CMA adapted) is 884 Chapter 18 Dilutive Securities and Earwigu fel Prepare in good form a comparative income statement, beginning with incu tion for the fiscal years ended May 31, 2017 and May 31, 2018. This statement will be include sport and should display the appropriate earnings per share presentations. teel P16-7 (104,5) GROUPWORK (Computation of Basic and Diluted EPS) Charles Austin of the controller's office of Thomp son Corporation was given the assignment of determining the basic and...
restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December...
restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December 31 on stock outstanding on December 31, 2020. An additional 798000 shares of common stock were issued on April 1 2021, and 406000 more on July 1, 2021. On October 1, 2021, Coronado issued 19600, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 sha . No bonds were converted into common stock in 2021. What is the number of shares...
The Alford Group had 240,000 shares of common stock outstanding at January 1, 2018. The following activities affected co...
The Alford Group had 240,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 30,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 120,000 new shares. Dec. 31 Net income for 2018 is $1,495,000. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during all of 2016. It also has 2 convertible securities outstanding at the end of 2016. These are: 1. Convertible preferred stock: 1,000 shares of 9%, $100 par, preferred stock were issued in 2015 for $140 per share. Each share of preferred stock is convertible into 3.5 shares of common stock. The current dividends have been paid. To date, no preferred stock has been converted....
Grimm Company has 2,900,000 shares of common stock outstanding on December 31, 2017. An additional 150,000 shares of common stock were issued on July 1, 2018, and 300,000 more on October 1, 2018. On April 1, 2018, Grimm issued 8,000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 40 shares of common stock. No bonds were converted into common stock in 2018. What is the number of shares to be used in computing basic earnings per share...
Ahnberg Corporation had 820.000 shares of common stock issued and outstanding at January 1, No common shares were issued during the year, but on January 1, Ahnberg issued 440,000 shares of convertible preferred stock. The preferred shares are convertible Into 880.000 shares of common stock. During the year Ahnberg paid $264,000 cash dividends on the preferred stock. Net Income was $3.790,000 What were Ahnberg's basic and diluted earnings per share for the year? (Round your answers to 2 decimal places.)...
Why couldn't This Be Easy, Inc. has two issues of securities outstanding: common stock and $5,500,000 face value, 5-year, 3%, convertible bonds. The bonds were issued January 19, 2020, for $5,252,979 when the market rate was 4%. Bond interest payment dates are June 30th and December 31st. Each bond is convertible into 40 shares of $20 par value common stock. On July 1, 2020, the holders of $1,375,000 face value bonds exercised the conversion privilege. On that date, the bonds...
Why couldn't This Be Easy, Inc. has two issues of securities outstanding: common stock and $4,900,000 face value, 5-year, 3%, convertible bonds. The bonds were issued January 1, 2020, for $4.679.926 when the market rate was 4%. Bond interest payment dates are June 30" and December 315. Each bond is convertible into 40 shares of $20 par value common stock. On July 1, 2020, the holders of $1,470,000 face value bonds exercised the conversion privilege. On that date, the bonds...
The (CMA adapted) is 884 Chapter 18 Dilutive Securities and Earwigu fel Prepare in good form a comparative income statement, beginning with incu tion for the fiscal years ended May 31, 2017 and May 31, 2018. This statement will be include sport and should display the appropriate earnings per share presentations. teel P16-7 (104,5) GROUPWORK (Computation of Basic and Diluted EPS) Charles Austin of the controller's office of Thomp son Corporation was given the assignment of determining the basic and...
restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December 31 on stock outstanding on December 31, 2020. An additional 798000 shares of common stock were issued on April 1 2021, and 406000 more on July 1, 2021. On October 1, 2021, Coronado issued 19600, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 sha . No bonds were converted into common stock in 2021. What is the number of shares...
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