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Point 1: ABC company is preparing earning per share for 2019, the net income for the year ended December 31, 2019 was $800,000 and there were 120,000 common shares and 500 convertible preferred shares outstanding during the year (convertible to 1000 common shares). ABC has 6 % convertible bonds outstanding worth a total of $200,000. Each $1000 bond is convertible into 25 common shares. ABC's shares were trading at $75, on average, during 2019.
Point 2: The $10 dividend on the preferred shares is cumulative, and the tax rate is 25%.
Qusetion 1: Are the convertible preferred shares potentially dilutive? Why or Why not? Show all your work.
An exempt hospital receives all of the shares of stock of Compute, Inc., a retail computer chain, as a gift from a wealthy donor. Because the chain is very profitable and its CEO has offered to continue to manage it, the hospital has decided to opera..
Determine the total 2018 tax due for Charlene and Dick Storm, assuming they file a joint return, have three dependents, and are not members.
Prepare the entry to record the issuance of the bonds
ABC Corporation owns 80 percent of the voting stock and voting power and stock representing 80% of the total value of DEF Corporation. How much gain or loss is recognized by Linda on this transaction and what Code Section or Sections govern?
Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, what is the value of government securities the Fed must purchase if it wants to increase the money supply by $2 million?
During August 2014, Packer Manufacturing had the following cash receipts and disbursements: Determine sales for August 2014. Determine salary expense for August 2014. Determine cost of goods sold for August 2014.
compute project initialnpv and cash flowinterco machinery inc. is evaluating the acquistion of a new production
Park Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. What bond payable amount will Park report on its J..
Computing Walmart's Share Value Using the Residual Income Valuation Approach, Use the CAPM to compute the required rate of return on common equity capital for Walmart.
On January 1, 2014, Gottlieb Corporation issued $4,450,000 of 10-year, 9% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 9 shares of Gottlieb Corporation $103..
Compute the Apple Inc's debt to equity ratio at year-end. How does it compare to the industry? What does this tell you about the Apple Inc ?
Imagine that you are the cost accounting manager and the director of your present or past organization. Management wants your opinion on whether the company should manufacture a new electric car. You informed management that you will need to perform ..
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