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Question - In 2021 Our Company had Net Income of $825,000. On 1/1/21, there were 250,000 shares of common stock outstanding. On 4/1/21, we issued 54,000 shares of common stock. On 6/1/21, we issued 36,000 shares of $100 par value, 6% cumulative preferred stock. This preferred stock is convertible into 72,000 shares of common stock. On 9/1/21, we issued $9,000,000 of 4% bonds at par. These bonds are convertible into 60,000 shares of common stock. The marginal tax rate is 30%. In addition, there are 130,000 options outstanding at 12/31/21. Each option entitles the holder to exchange it for 1 share of common stock at an exercise price of $22 per share. The average market price for common stock for 2021 was $60. Be sure to show your calculations!
Required - How much is Basic Earnings Per Share? How much is Diluted Earnings Per Share?
larson company issued 500000 of 8 5-year bonds at 106. assuming straight-line amortization and annual interest payments
Pavilion Corp. acquired an 80% interest from Smile Company on January 1, 2019 for P2,200,000. How much is the goodwill on the date of acquisition
Direct fixed costs are $90,000 in the downtown store and $93,000 in the campus location. How much are total variable costs
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Donald Trump is the general partner and Hillary Clinton is the limited partner. What is the loss allocable to each partner
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