Determine the diluted earnings per share

Assignment Help Financial Accounting
Reference no: EM132853261

Question - Vaughn Manufacturing had 198000 shares of common stock, 20200 shares of convertible preferred stock, and $1530000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 40800 shares of common stock. During 2021, Vaughn paid dividends of $1.00 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $594000 and the income tax rate was 35%.

Required - Determine the Diluted earnings per share for 2021?

a. $2.23.

b. $2.06.

c. $2.10.

d. $2.49.

Reference no: EM132853261

Questions Cloud

Discuss the importance of trends in epidemiology : Discuss the importance of trends in epidemiology and population health management. How are trends in epidemiology important to protect the Saudi population?
Explain continuity correction for approximating discrete : Explain Continuity Correction for approximating discrete distribution to continuous
Evaluate progress on certification plans : Have you completed the scheduled tasks assigned on your timeline? If not, what are your plans to stay on schedule? Evaluate progress on certification plans
Compare the variation in two sets of data : The standard deviation allows us to compare the variation in two sets of data only when the two sets use the same scale and have approximately the same mean.
Determine the diluted earnings per share : The net income for 2021 was $594000 and the income tax rate was 35%. Determine the Diluted earnings per share for 2021
Calculation of confidence interval held constant : Assume all of the other variables to do the calculation of confidence interval held constant.
Describe a specific client problem : There will be times throughout your nursing,Describe a specific client problem and discuss the challenges associated with teaching older adult clients about it.
What are the step of physical activity research : What are the step of physical activity research?
What is the labor spending variance : According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $9.50 per hour. What is the labor spending variance

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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