Solution-Calculate abc basic and diluted eps

Calculate abc basic and diluted eps

Assignment Help Accounting Basics

Reference no: EM133136952

Question - ABC Company reported net income of 1,025,000 for the year ended 30th June 2021. The company had a weighted average of 750,000 shares of common stock outstanding. In addition, the company has only one potentially dilutive security: a total number of 1,200 convertible bonds having face value of $100 each and coupon rate of 3.5%. Each convertible bond can be converted into 10 common shares. Assume a tax rate of 30%, calculate ABC's basic and diluted EPS?

Reference no: EM133136952

Questions Cloud

What is the total amount should be reported as cash : Check payable to Suga, dated January 4, 2021, included in the December 31 checkbook balance: 3,000,000. What is the total amount should be reported as cash

Outline and describe any legal contractual issues : Outline and describe any legal contractual issues in relation to Audrey's booking with "XYZ Tours" and whether or not she/NSW Wealth Managers Association

Internal environment of one of chipotle competitors : Consider Chipotle's competitors. How does Chipotle's internal environment compare to the internal environment of one of Chipotle's competitors?

Calculate the internal rate of return of the project : The project would require an initial expenditure of $500,000. Calculate the internal rate of return (IRR) of the project

Calculate abc basic and diluted eps : Each convertible bond can be converted into 10 common shares. Assume a tax rate of 30%, calculate ABC's basic and diluted EPS

Describe their sources of competitive advantage : Identify 1 or 2 other major competitors in the fast-food industry, and describe their sources of competitive advantage.

Describe three criteria of the 13 minimum standards : Describe three criteria of the 13 minimum standards on which plan status is deter-mined to qualify retirement plans for preferential tax treatment.

Prepare the journal entries to record income taxes : On November 30, $3,600 cash was paid in advance for four months of advertising, starting Dec. 1. Prepare the journal entries to record income taxes

Identify the transferable skills payroll manager possesses : Identify the transferable skills a payroll manager possesses Explore ways to obtain or improve skills that are transferable

User Account

All Pages

Calculate abc basic and diluted eps

Reference no: EM133136952

Reference no: EM133136952

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT