Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Earnings per Share with Convertible Bonds
On January 1, 2019, Houston Company issued, at par, 600 $1,000 6% bonds. Each bond is convertible into 10 shares of common stock. Houston's net income for 2019 was $600,000. The tax rate was 20%. Throughout 2019, 100,000 shares of $10 par common stock were outstanding. In addition, 1,000 shares of 5% $100 par cumulative preferred stock were outstanding. No preferred stock dividends were declared during 2019. None of the bonds were converted in 2019.
Instructions:
Question (a) Compute basic earnings per share for 2019.
Question (b) Compute diluted earnings per share for 2019
Express your opinion with backing up with sound examples where well maintained audit committees and the maintenance strategies have worked
Prepare an income statement for the year ended 30 September and a balance sheet as at that date for Doyle.
Module 13 lists M Porter's three possible strategic positions leading to business success. You own a start-up company that manufactures and sells organic dog food. Explain how these three positions would look with respect to your company. Two sentenc..
Pine Corp. is required to contribute, to an employee stock ownership plan (ESOP), 10% of its income after deduction for this contribution but before income tax.
Budgeted number of units 6624-What is margin of safety in units?
Lindon Company is the exclusive distributor for an automotive product that sells for $33.00 per unit and has a CM ratio of 34%. The company’s fixed expenses are $157,080 per year. The company plans to sell 15,000 units this year. What is the company’..
What are Francisco's journal entry to record the assets acquired and the liabilities assumed in the Beltran merger on January 1, 2017.
If $4,182,000 was collected in September for services performed in September and $596,000 was collected in September for services to be performed in October, what was the balance in Unearned Service Revenue at 8/31/15 assuming no services were provid..
Compute the legal debt margin for the City of Brandon
What general problems must be addressed in doing ratio analysis for government financial condition analysis? Do traditional solvency ratios
Hammonds Hammocks produces and sells top-of-the-line Brazilian-style hammocks. The company prepared a production budget for the second quarter of the year which revealed that required production is 15,000 hammocks for April, 12,500 for May, and 12,50..
On January 1, 2020, Jeckyll Ltd. signs a 8-year, Rounded to the nearest dollar, the amount of the minimum annual lease payment is
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd