Solution-Compute both basic and diluted earnings per share

Compute both basic and diluted earnings per share

Assignment Help Financial Accounting

Reference no: EM13865669

Net Income$1,400,000

Transactions in Common Shares ChangeCumulative

Jan. 1, 2014, Beginning number500,000

Mar. 1, 2014, Purchase of treasury shares(60,000)440,000

June 1, 2014, Stock split 2-1440,000880,000

Nov. 1, 2014, Issuance of shares120,0001,000,000

8% Cumulative Convertible Preferred Stock

Sold at par, convertible into 200,000 shares of common;

Outstanding for all of 2014.$1,000,000

Stock Options

Exercisable at the option price of $25 per share. Average market price in 2014, $30. Outstanding for all of 2014.60,000 shares

REQUIRED:

Compute both basic and diluted earnings per share.

Reference no: EM13865669

Questions Cloud

Triangular coordinates and special element : Construct the shape functions N2 and N5 for the special triangular element sketched on the right. The element is expected to be used to connect two quadratic elements into one linear element.

What is the purpose of the story as you perceive it : Select two articles or news stories and apply at least two theories from the biological, psychological, and/or sociological perspectives to each article or news story. Write an analysis of each article or news story addressing the following: What i..

Write short notes on socio-economic conditions : Socio-economic conditions

What key messages do you want to communicate : Who are your stakeholders, and what are their expectations of your organization and what key messages do you want to communicate?

Compute both basic and diluted earnings per share : Exercisable at the option price of $25 per share. Average market price in 2014, $30. Outstanding for all of 2014.60,000 shares. Compute both basic and diluted earnings per share.

Motivations to blow the whistle as discussed : who come forward under provisions of the Dodd-Frank Financial Reform Act? Respond to the question by considering the motivations to blow the whistle as discussed in this chapter

Describes case studies to test your code of ethics : Describe two different business situations as case studies to test your code of ethics. These case study situations can be ones that you have faced personally or have heard about, or they can be situations your classmates mentioned in their discus..

What amount of cash did wag collect : Access the Wiki Art Gallery (WAG) instructional case in Connect and read the case in sufficient depth to answer the following. WAG reported $ 140,000 in total revenues in 2011. What amount of cash did WAG collect in 2011 from its customers (artwork b..

Compare and contrast traditional propaganda : Compare and Contrast traditional propaganda

User Account

All Pages

Compute both basic and diluted earnings per share

Reference no: EM13865669

Reference no: EM13865669

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT