Basic earning per share = 302000/92000 = 3.28 per share
a) Diluted earning per share = Adjusted net income/Adjusted share = (302000+66960)/(92000+27900) =3.08 per share
b) Diluted earning per share = 302000/(92000+46000) = 2.19 per share
On January 1, 2017, Nash Company issued 10-year, $1,860,000 face value, 6% bonds, at par. Each $1,000 bond is convertib...
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On January 1, 2020, Cullumber Company issued 10-year, $1,810,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Cullumber common stock. Cullumber's net income in 2020 was $403,200, and its tax rate was 20%. The company had 96,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $...
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On January 1, 2020, Riverbed Company issued 10-year, $2,150,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 16 shares of Riverbed common stock. Riverbed’s net income in 2020 was $518,950, and its tax rate was 20%. The company had 97,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $enter...
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On January 1, 2020, Culver Company issued 10-year, $1,840,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 16 shares of Culver common stock. Culver's net income in 2020 was $473,800, and its tax rate was 20%. The company had 103,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, eg. $2.55.) Diluted earnings per share $...
FULL SCREEN CALCULATO8 PRINTER VERSION BACK NEXT Question 10 On January 1, 2017, Metlock Company issued 10-year, $2,010,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Metlock common stock. Metlock's net income in 2017 was $302,000, and its tax rate was 40 % . The company had 95,000 shares of common stock outstanding throughout 2017. None of the bonds were converted in 2017. (a) Compute diluted earnings per share for 2017. (Round answer...