Homework Answers
| Change | Cumulative | Number of months | Weighted common shares | ||
| Jan. 1, 2018 | Beginning | 700000 | 700000 | 2 | 1400000 |
| Mar. 1, 2018 | Purchase of treasury shares | -60000 | 640000 | 3 | 1920000 |
| June 1, 2018 | Stock split 2-1 | 640000 | 1280000 | 5 | 6400000 |
| Nov.1 2018 | Issuance pf shares | 240000 | 1520000 | 2 | 3040000 |
| 12 | 12,760,000 | ||||
| Weighted average shares outstanding for 2018 (12,760,000/12) | 1,063,333 | ||||
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Problem 146 (Part Level Submission) Assume that the following data relative to Kane Company for 2018 is available:...
FULL SCREEN CALCULATOR PRINTER VERSION BACK NEXT Problem 146 (Part Level Submission) Assume that the following...
FULL SCREEN CALCULATOR PRINTER VERSION BACK NEXT Problem 146 (Part Level Submission) Assume that the following data relative to Kane Company for 2018 is available: $2,100,000 Net Income Change Transactions in Common Shares Jan 1, 2018, Beginning number Mar. 1, 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1, 2018, Issuance of shares (60,000) 640,000 240,000 Cumulative 700,000 640,000 1,280,000 1,520,000 $1,000,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 200,000 shares of common...
Thank you. Assume that the following data relative to Blossom Company for 2021 is available: Net...
Thank you.
Assume that the following data relative to Blossom Company for 2021 is available: Net Income $2,700,000 Transactions in Common Shares Jan. 1, 2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares Change Cumulative 650,000 (48,000) 602,000 1,204,000 204,000 1,408,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 180,000 shares of common (adjusted for split). $900,000 Stock Options Exercisable at the option price of...
please help me solve part A, i already solved b + c Testbank Problem 146 Assume...
please help me solve part A, i already solved b + c
Testbank Problem 146 Assume that the following data relative to Blossom Company for 2021 is available: Net Income $2,800,000 Transactions in Common Shares Jan. 1, 2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares Change Cumulative 720,000 (53,400) 666,600 656,600 1,333,200 228,000 1,561,200 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 180,000 shares...
1: The following data is for Dunbar Company for 2016. Net Income (30% tax rate) &
1: The following data is for Dunbar Company for 2016. Net Income (30% tax rate) $3,200,000 Common Shares Change Cumulative Jan. 1, 2016, Beginning number 1,000,000 shares Mar. 1, 2016, Purchase of treasury shares (60,000) 940,000 June 1, 2016, Stock split 2-1 940,000 1,880,000 Nov. 1, 2016, Issuance of shares 120,000 2,000,000 shares 9% Cumulative Convertible Preferred Stock: $1,000,000 dividend rate = 9%*$1,000,000 = $90,000 Sold at par, convertible into 200,000 shares of common...
TI Problem Set 11 011-020 (Total 30 pts.: 3 pts each) CLEARLY indicate on your scantron...
TI Problem Set 11 011-020 (Total 30 pts.: 3 pts each) CLEARLY indicate on your scantron the BEST answer to each of the following questions $2,100.000 Assume that the following data relative to Kane Company for 2018 is available: Net Income tax rate of 409) Change Transactions in Common Shares Jan 1, 2018, Beginning number Mar. 1. 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1. 2018, Issuance of shares (60.000) 640,000 120.000 Cumulative 700.000 640.000...
Problem Set 1: 011-020 (Total 30 pts.: 3 pts each) CLEARLY indicate on your scantron the BEST answer to each of th...
Problem Set 1: 011-020 (Total 30 pts.: 3 pts each) CLEARLY indicate on your scantron the BEST answer to each of the following questions Assume that the following data relative to Kane Company for 2018 is available: Net Income tax rate of 40%) $2,100,000 Change Cumulative Transactions in Common Shares 700.000 Jan. 1. 2018, Beginning number (60,000) 640.000 Mar. 1. 2018, Purchase of treasury shares 640.000 1.280.000 June 1, 2018, Stock split 2-1 120,000 1.400,000 Nov. 1. 2018, Issuance of...
Alciatore Company reported a net income of $150,000 in 2018. The weighted-average number of common shares...
Alciatore Company reported a net income of $150,000 in 2018. The
weighted-average number of common shares outstanding for 2018 was
40,000. The average stock price for 2018 was $33. Assume an income
tax rate of 40%. Required: For each of the following independent
situations, indicate whether the effect of the security is
antidilutive for diluted EPS.
Alciatore Company reported a net income of $150,000 in 2018. The weighted-average number of common shares outstanding for 2018 was 40,000. The average stock...
Exercise 16-16 (Part Level Submission) On January 1, 2021, Cullumber Corp. had 459,000 shares of common...
Exercise 16-16 (Part Level Submission)
On January 1, 2021, Cullumber Corp. had 459,000 shares of common
stock outstanding. During 2021, it had the following transactions
that affected the Common Stock account.
February 1
Issued 126,000 shares
March 1
Issued a 10% stock dividend
May 1
Acquired 101,000 shares of treasury stock
June 1
Issued a 3-for-1 stock split
October 1
Reissued 62,000 shares of treasury stock
(a)
Determine the weighted-average number of shares outstanding as of
December 31, 2021.
The...
Exercise 16-16 On January 1, 2018, Vermont Maple Corp. had 2,650,000 shares of common stock issued...
Exercise 16-16 On January 1, 2018, Vermont Maple Corp. had 2,650,000 shares of common stock issued and outstanding. During 2018, it had the following transactions that affected the common stock account. Mar. 1 Issued 250,000 shares in exchange for land Apr. 1 Acquired 200,000 shares of treasury stock July 1 Issued a 20% stock dividend Sept. 1 Reissued 240,000 shares of treasury stock (adjusted for 20% stock dividend) Oct. 1 Issued a 2-for-1 stock split Required: Determine the weighted average...
Alciatore Company reported a net income of $150,000 in 2018. The weighted average number of common shares outstanding f...
Alciatore Company reported a net income of $150,000 in 2018. The weighted average number of common shares outstanding for 2018 was 40,000. The average stock price for 2018 was $33. Assume an income tax rate of 40%. Required: For each of the following independent situations, indicate whether the effect of the security is antidilutive for diluted EPS. 10,000 shares of 7.7% of $100 par convertible, cumulative preferred stock. Each share may be converted into two common shares. 8% convertible 10-year,...
FULL SCREEN CALCULATOR PRINTER VERSION BACK NEXT Problem 146 (Part Level Submission) Assume that the following data relative to Kane Company for 2018 is available: $2,100,000 Net Income Change Transactions in Common Shares Jan 1, 2018, Beginning number Mar. 1, 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1, 2018, Issuance of shares (60,000) 640,000 240,000 Cumulative 700,000 640,000 1,280,000 1,520,000 $1,000,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 200,000 shares of common...
Thank you.
Assume that the following data relative to Blossom Company for 2021 is available: Net Income $2,700,000 Transactions in Common Shares Jan. 1, 2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares Change Cumulative 650,000 (48,000) 602,000 1,204,000 204,000 1,408,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 180,000 shares of common (adjusted for split). $900,000 Stock Options Exercisable at the option price of...
please help me solve part A, i already solved b + c
Testbank Problem 146 Assume that the following data relative to Blossom Company for 2021 is available: Net Income $2,800,000 Transactions in Common Shares Jan. 1, 2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares Change Cumulative 720,000 (53,400) 666,600 656,600 1,333,200 228,000 1,561,200 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 180,000 shares...
TI Problem Set 11 011-020 (Total 30 pts.: 3 pts each) CLEARLY indicate on your scantron the BEST answer to each of the following questions $2,100.000 Assume that the following data relative to Kane Company for 2018 is available: Net Income tax rate of 409) Change Transactions in Common Shares Jan 1, 2018, Beginning number Mar. 1. 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1. 2018, Issuance of shares (60.000) 640,000 120.000 Cumulative 700.000 640.000...
Problem Set 1: 011-020 (Total 30 pts.: 3 pts each) CLEARLY indicate on your scantron the BEST answer to each of the following questions Assume that the following data relative to Kane Company for 2018 is available: Net Income tax rate of 40%) $2,100,000 Change Cumulative Transactions in Common Shares 700.000 Jan. 1. 2018, Beginning number (60,000) 640.000 Mar. 1. 2018, Purchase of treasury shares 640.000 1.280.000 June 1, 2018, Stock split 2-1 120,000 1.400,000 Nov. 1. 2018, Issuance of...
Alciatore Company reported a net income of $150,000 in 2018. The
weighted-average number of common shares outstanding for 2018 was
40,000. The average stock price for 2018 was $33. Assume an income
tax rate of 40%. Required: For each of the following independent
situations, indicate whether the effect of the security is
antidilutive for diluted EPS.
Alciatore Company reported a net income of $150,000 in 2018. The weighted-average number of common shares outstanding for 2018 was 40,000. The average stock...
Exercise 16-16 (Part Level Submission)
On January 1, 2021, Cullumber Corp. had 459,000 shares of common
stock outstanding. During 2021, it had the following transactions
that affected the Common Stock account.
February 1
Issued 126,000 shares
March 1
Issued a 10% stock dividend
May 1
Acquired 101,000 shares of treasury stock
June 1
Issued a 3-for-1 stock split
October 1
Reissued 62,000 shares of treasury stock
(a)
Determine the weighted-average number of shares outstanding as of
December 31, 2021.
The...
Alciatore Company reported a net income of $150,000 in 2018. The weighted average number of common shares outstanding for 2018 was 40,000. The average stock price for 2018 was $33. Assume an income tax rate of 40%. Required: For each of the following independent situations, indicate whether the effect of the security is antidilutive for diluted EPS. 10,000 shares of 7.7% of $100 par convertible, cumulative preferred stock. Each share may be converted into two common shares. 8% convertible 10-year,...
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