User Account

All Pages

Compute basic earnings per share

Assignment Help Accounting Basics
Reference no: EM131680067

Question - Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,000 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised.

Instructions

(a) Are the warrants dilutive?

(b) Compute basic earnings per share.

(c) Compute diluted earnings per share.

Reference no: EM131680067

Questions Cloud

Compute the earnings per share of common stock : Ziegler Corporation reports net income of $270,000, Compute the earnings per share of common stock
Review problem related to the random sample : A random sample of 25 observations produced a sample mean of 41.8. Using a = .025, would you reject the null hypothesis?
What options do you have to save the business : Which brother would you side with, and why? If you side with Ryan, what options do you have to save the business?
Water and fat-soluble vitamins : List the differences between water and fat-soluble vitamins including how diet influences absorption and how preparation influences availability.
Compute basic earnings per share : Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common stock outstanding. Compute basic earnings per share
Prepare journal entries to record issuance of the stock : Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options
Prepare the compound general journal entry : Use this information to prepare the compound General Journal entry. If no entry is required then write "No Entry Required."
Compare the two categories of data and images : Compare the two categories of images, and determine advantages, and disadvantages of each. Provide one example of type of file for which each is best suited.
How does an owner make the decision to close a business : How does an owner make the decision to close a business? Is there always one right answer?

Reviews

Write a Review

Accounting Basics Questions & Answers

  If profit margin 10 fraud loss 436million then why the

if profit margin 10 fraud loss 436million then why the revenue to restore the effect on net income is 4.36 billion

  Flamingo company sold 1000000 of 8 10-year bonds at 103 on

flamingo company sold 1000000 of 8 10-year bonds at 103 on january 1 2014. the bonds were dated january 1 2014 and pay

  Fixd manufacturing overhead is assigned to units of

porta light manufactures a high-quality led flashlight for homeoffice use. data pertaining to the companys 2010

  Calculate the depreciation for the year

Calculate the depreciation for the year ending 31st December 2016 using each of the following methods: i) Straight Line ii) Units of production

  Allister company has a number of potential capital

allister company has a number of potential capital investments. because these projects vary in nature initial

  The star-lite theater inc was recently formed it began

the star-lite theater inc. was recently formed. it began operations in march 2010. the star-lite is unique in that it

  Basics of weighted average process costing

9,000 units were in process at the beginning of the month and were 40% complete. 8,000 units were in process at the end of the month, and were 70% complete. The company uses weighted average process costing.

  Arthur corporation has a margin of safety percentage of 25

1. valley manufacturing corporations beginning work in process inventory consisted of 15000 units 100 complete with

  What was the issuance price of these bonds

Ryan Company issued bonds with a coupon rate of 8% and a face amount of $5,000. What was the issuance price of these bonds on January 1 of Year 1

  Complete the table indicating whether each transaction will

the president of giraldi enterprises asks if you could indicate the impact certain transactions have on the following

  Investor has a 40 ownership interest in the common stock of

investor has a 40 ownership interest in the common stock of investee. investor paid 10000 more thanlt?xmlnamespace

  For the past five years herbert has maintained an

for the past five years. herbert has maintained an investment properly accounted for and reported upon in broome

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd