Numerator | Denominator | EPS | |
Basic EPS | $ 2,025 | $ 675 | $ 3.00 |
Diluted EPS | $ 2,025 | $ 677 | $ 2.99 |
Amount | |
Income | $ 2,100,000 |
Less: Preference Div | $ 75,000 |
Net Income | $ 2,025,000 |
Weighted No: of Shares | ||
31-12-2017 | 600000*12/12*1.04 | 624,000 |
28-02-2018 | 60000*10/12*1.04 | 52,000 |
01-07-2018 | (2000*6/12) Retired | -1,000 |
Weighted No: of Shares | 675,000 |
Diluted Weighted No: of Shares = 675000+(8000-8000*24/32)
Diluted Weighted No: of Shares = 677,000
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6,...
Problem 19-13 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options, convertible bonds; contingently issuable shares (LO19-4, 19-5, 19-6, 19-7, 19-8, 19-9, 19-10, 19-11) On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On...
Problem 19-13 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options, convertible bonds; contingently issuable shares [LO19-4, 19-5, 19-6, 19-7, 19-8, 19-9, 19-10, 19-11] On December 31, 2015, Dow Steel Corporation had 770,000 shares of common stock and 47,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $570,000 and $86,000 to common and preferred shareholders, respectively, on December 15, 2016. On...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 4 million shares of 9 % , $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 64 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9] On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options, convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9) On December 31, 2017. Berclair Inc. had 260 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding on March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Check my work 3 On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8% noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018 33.34 oints On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of...
what i got was marked wrong Exercise 19-18 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options exercised (LO19-5, 19-6, 19-7, 19-8) On December 31, 2017 Berclair Inc. had 400 million shares of common stock and 14 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2018....
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19- 5, 19-6, 19-7, 19-8, 19-9] At January 1, 2018, Canaday Corporation had outstanding the following securities: 600 million common shares 20 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares The following additional information is available: • On September 1, 2018, Canaday sold 72 million additional shares of common stock. • Incentive stock options to purchase...