User Account

All Pages

Compute diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM132619303

Question - Sunland Corporation earned $322,000 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 $21 per share during the period. Also outstanding were 13,800 warrants that could be exercised to purchase one share of common stock for $14 for each warrant exercised.

(a) Are the warrants dilutive?

(b) Compute basic earnings per share.

(c) Compute diluted earnings per share.

Reference no: EM132619303

Questions Cloud

Examples of maritime cyber terrorism : Define and give examples of maritime Cyber terrorism. How does it threaten port security operations now and in the future? Be specific.
Forms of marketing research : Watch the video "Forms of Marketing Research." Describe which forms of marketing research would be appropriate and explain why.
What was the market price per share on date of declaration : A small stock dividend of 5,000 shares was declared and distributed during 2009. What was the market price per share on the date of declaration
What is the value of advocacy in global health : You will reflect on the concepts and skills learned in this course. What is the value of advocacy in global health?
Compute diluted earnings per share : The common stock sold at an average market price of $21 per share during the period. Compute diluted earnings per share
Compute both basic and diluted earnings per share : The bonds have a par value of $1,000, with interest payable annually. Compute both basic and diluted earnings per share
Organizational communication : As a consultant overhearing this conversation, how do you suggest the managing director respond to Charley's challenge?
Compute the earnings per share data that should appear : Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Blue Industries as of December 31, 2017
Multilayered defense strategy : Security experts recommend using a multilayered defense strategy. Does a multilayered defense guarantee that attacks will not be successful?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identify three substantive audit procedures

Identify three (3) substantive audit procedures you would undertake to review the validity of CB's going concern assumption

  How should the company balance these requirements

the company has national contracts stipulating that payroll records must be maintained for five years. How should the company balance these requirements

  How susceptible are you to undue influence to alter records

How susceptible are you to undue influence to alter records of transactions? Do you have the strength of your convictions to stand up to a rich

  Journalize purchasing of paper to raw materials inventory

Journalize the purchasing of the paper to Raw Materials Inventory, Journalize the transfer of Job 010507A to the Folding Department at actual cost.

  Calculate the amount of dividends that would have to be paid

Calculate the amount of dividends that would have to be paid on the preferred stock before a cash dividend could be paid to the common stockholders

  Did the deferral of salary cost Jenner anything

PV and Sports Salaries Because of a salary cap, NBA teams are not allowed to exceed a certain annual limit in total player salaries.

  Brief report for the strategic management committee

Prepare a brief report for the Strategic Management Committee outlining the key points of your findings and calculate and discuss the likely impact of the changes

  What amount should gigantic report as investment income

Grateful reported net income of P60,000,000 and paid a P22,500,000 cash dividend. What amount should Gigantic report as investment income for 2019?

  Discuss the subsequent meansurement alternative

Discuss the subsequent meansurement alternative that would be available under US GAAP if RG Corporation was a private company?

  Explain innovation and strategic management

Analyze a current or former company for which you have worked, and without revealing the name of the organization, identify one step in the strategic plan

  What methods have you used for estimating bad debt

What methods have you used for estimating bad debt? Why is it easier for someone to perpetrate fraud using a journal entry than with a ledger?

  What forces and organizational activities enable a firm

Read the Forbes article, "The Forces That Are Transforming How Products Are Made." Based on the content presented in the article, what forces and important.

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