At december 31 2010 kifer company had 500000 shares of

Reference no: EM13590564

At December 31, 2010, Kifer Company had 500,000 shares of common stock outstanding. On October 1, 2011, an additional 100,000 shares of common stock were issued. In addition, Kifer had $10,000,000 of 6% convertible bonds outstanding at December 31, 2010, which are convertible into 225,000 shares of common stock. No bonds were converted into common stock in 2011. The net income for the year ended December 31, 2011, was $3,000,000. Assuming the income tax rate was 30%, what would be the diluted earnings per share for the year ended December 31, 2011? Show all computations.

Reference no: EM13590564

Questions Cloud

A candle is placed 1574 cm in front of a convex mirror when : question a candle is placed 15.74 cm in front of a convex mirror. when the convex mirror is replaced with a plane

A second shipment contaians 7 brass and 4 steel parts and : a business sells brass and steel machine parts. one shipment contains 3 brass and 10 steel parts and costs 48. a

Your client keith moreland leasing company is preparing a : your client keith moreland leasing company is preparing a contract to lease a machine to souvenirs corporation for a

It collides and couples with three other coupled railroad : question a railroad car of mass 2.52 x 104 kg is moving with a speed of3.95ms. it collides and couples with three other

At december 31 2010 kifer company had 500000 shares of : at december 31 2010 kifer company had 500000 shares of common stock outstanding. on october 1 2011 an additional 100000

How is management accounting tools useful in an airline : how is management accounting tools useful in an airline company when it comes to making decisions such as considering

A teacher wants to interview each of his students he needs : a teacher wants to interview each of his students. he needs 15 mi9nutes for each interview. how long will it take him

The little rock division of classics companies currently : the little rock division of classics companies currently reports a profit of 3.6 million. divisional invested capital

Bagodonuts company bought a used delievery truck on jan 1 : bagodonuts company bought a used delievery truck on jan 1 2010 for 19200. the van was expected to remanin in service 4

User Account

All Pages