Homework Answers
question 13
option A - decrease it
question 14
option B
question 15
option C - buy treasury stock
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13. The amortization of a net gain has what effect on pension expense? a) Decreases it....
MULTIPLE CHOICE. Choose the one alternative that best completas e B LO question. Each question is...
MULTIPLE CHOICE. Choose the one alternative that best completas e B LO question. Each question is worth 4 points. 1) Which of the following does NOT represent potential shares for purposes of the diluted earnings per share calculation? A) Convertible bonds. B) Dividends on common shares. C) Stock options D) Convertible preferred stock. 2) During 2018, Angel Corporation had 900,000 shares of common stock and 50,000 shares of preferred stock outstanding. Angel declared and paid cash dividends of $150,000 to...
MULTIPLE CHOICE. Choose the one alternative that best completas e B LO question. Each question is...
MULTIPLE CHOICE. Choose the one alternative that best completas e B LO question. Each question is worth 4 points. 1) Which of the following does NOT represent potential shares for purposes of the diluted earnings per share calculation? A) Convertible bonds. B) Dividends on common shares. C) Stock options D) Convertible preferred stock. 2) During 2018, Angel Corporation had 900,000 shares of common stock and 50,000 shares of preferred stock outstanding. Angel declared and paid cash dividends of $150,000 to...
Computing EP: Stock Options Rand, Inc. had a net income of $80,000. During the year, 200,000 shar...
Computing EP: Stock Options Rand, Inc. had a net income of $80,000. During the year, 200,000 shares were outstanding on average and Rand’s common stock sold at an average market price of $50. In addition, Rand had 20,000 stock options outstanding to purchase a total of 20,000 common shares at $25 for each option exercised. a. Compute basic earnings per share. b. Compute diluted earnings per share.
Culver Company's net income for 2020 is $47,100. The only potentially dilutive securities outstanding were 1,000...
Culver Company's net income for 2020 is $47,100. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 9,700 shares of common were outstanding during 2020. The average market price of Culver's stock during 2020 was $15. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Novak Company’s net income for 2017 is $53,400. The only potentially dilutive securities outstanding were 1,100...
Novak Company’s net income for 2017 is $53,400. The only
potentially dilutive securities outstanding were 1,100 options
issued during 2016, each exercisable for one share at $6. None has
been exercised, and 10,300 shares of common were outstanding during
2017. The average market price of Novak’s stock during 2017 was
$20.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per share
$
(b) Assume the same facts as those assumed for
part...
Grouper Company’s net income for 2017 is $45,100. The only potentially dilutive securities outstanding were 1,000...
Grouper Company’s net income for 2017 is $45,100. The only
potentially dilutive securities outstanding were 1,000 options
issued during 2016, each exercisable for one share at $6. None has
been exercised, and 10,400 shares of common were outstanding during
2017. The average market price of Grouper’s stock during 2017 was
$20.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per
share
$
(b) Assume the same facts as those assumed for
part...
Skysong Company’s net income for 2020 is $48,500. The only potentially dilutive securities outstanding were 1,100...
Skysong Company’s net income for 2020 is $48,500. The only
potentially dilutive securities outstanding were 1,100 options
issued during 2019, each exercisable for one share at $6. None has
been exercised, and 10,200 shares of common were outstanding during
2020. The average market price of Skysong’s stock during 2020 was
$25.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per
share
$
(b) Assume the same facts as those assumed for
part...
Indigo Company's net income for 2020 is $52,300. The only potentially dilutive securities outstanding were 1,200...
Indigo Company's net income for 2020 is $52,300. The only potentially dilutive securities outstanding were 1,200 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 9,300 shares of common were outstanding during 2020. The average market price of Indigo's stock during 2020 was $20. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Buffalo Company’s net income for 2020 is $53,400. The only potentially dilutive securities outstanding were 800...
Buffalo Company’s net income for 2020 is $53,400. The only potentially dilutive securities outstanding were 800 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,300 shares of common were outstanding during 2020. The average market price of Buffalo’s stock during 2020 was $25. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Current Attempt in Progress Sheridan Company's net income for 2020 is $47,100. The only potentially dilutive...
Current Attempt in Progress Sheridan Company's net income for 2020 is $47,100. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exerclsable for one share at $6. None has been exercised, and 9,700 shares of common were outstanding during 2020. The average market price of Sheridan's stock during 2020 was $15 (a) Compute diluted earnings per share. (Round answer to 2 decimal places, eg. $255. $ Diluted earnings per share (b) Assume the same facts as...
MULTIPLE CHOICE. Choose the one alternative that best completas e B LO question. Each question is worth 4 points. 1) Which of the following does NOT represent potential shares for purposes of the diluted earnings per share calculation? A) Convertible bonds. B) Dividends on common shares. C) Stock options D) Convertible preferred stock. 2) During 2018, Angel Corporation had 900,000 shares of common stock and 50,000 shares of preferred stock outstanding. Angel declared and paid cash dividends of $150,000 to...
MULTIPLE CHOICE. Choose the one alternative that best completas e B LO question. Each question is worth 4 points. 1) Which of the following does NOT represent potential shares for purposes of the diluted earnings per share calculation? A) Convertible bonds. B) Dividends on common shares. C) Stock options D) Convertible preferred stock. 2) During 2018, Angel Corporation had 900,000 shares of common stock and 50,000 shares of preferred stock outstanding. Angel declared and paid cash dividends of $150,000 to...
Culver Company's net income for 2020 is $47,100. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 9,700 shares of common were outstanding during 2020. The average market price of Culver's stock during 2020 was $15. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Novak Company’s net income for 2017 is $53,400. The only
potentially dilutive securities outstanding were 1,100 options
issued during 2016, each exercisable for one share at $6. None has
been exercised, and 10,300 shares of common were outstanding during
2017. The average market price of Novak’s stock during 2017 was
$20.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per share
$
(b) Assume the same facts as those assumed for
part...
Grouper Company’s net income for 2017 is $45,100. The only
potentially dilutive securities outstanding were 1,000 options
issued during 2016, each exercisable for one share at $6. None has
been exercised, and 10,400 shares of common were outstanding during
2017. The average market price of Grouper’s stock during 2017 was
$20.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per
share
$
(b) Assume the same facts as those assumed for
part...
Skysong Company’s net income for 2020 is $48,500. The only
potentially dilutive securities outstanding were 1,100 options
issued during 2019, each exercisable for one share at $6. None has
been exercised, and 10,200 shares of common were outstanding during
2020. The average market price of Skysong’s stock during 2020 was
$25.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per
share
$
(b) Assume the same facts as those assumed for
part...
Indigo Company's net income for 2020 is $52,300. The only potentially dilutive securities outstanding were 1,200 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 9,300 shares of common were outstanding during 2020. The average market price of Indigo's stock during 2020 was $20. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Current Attempt in Progress Sheridan Company's net income for 2020 is $47,100. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exerclsable for one share at $6. None has been exercised, and 9,700 shares of common were outstanding during 2020. The average market price of Sheridan's stock during 2020 was $15 (a) Compute diluted earnings per share. (Round answer to 2 decimal places, eg. $255. $ Diluted earnings per share (b) Assume the same facts as...
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