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!
On 31st December, 2012, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9 percent, $100 par value cumulative preferred stock issued and outstanding. On 1st March, 2013, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5 percent common stock dividend on 1st July, 2013. Four million treasury shares were sold on 1st October. Net income for the year ended 31st December, 2013, was $150 million. The income tax rate is 40%.
Also outstanding at 31st December was incentive stock options granted to key executives on September 13, 2008. The options are exercisable as of 13th September, 2012, for 30 million common shares at an exercise price of $56 per share. In 2013, the market price of the common shares averaged $70 per share $62.5 million of 8% bonds, convertible into 6 million common shares, were issued at face value in 2009.
Required:
Evaluate Berclair's basic and diluted earnings per share for the year ended 31st December, 2013.
Cash flows from operating activities and Net income will be increased or adjusted upward and Net income will be decreased or adjusted downward.
Under U.S. GAAP, if the carrying value was $50,000, the undiscounted expected future cash flows was $55,000, the discounted expected future cash flows was $51,000 and the selling price was $53,000, what is the amount of Impairment Loss?
In your opinion could the unrealized gains on the investment held in the special revenue fund be nonexpendable or expendable. How is the transfer from the permanent fund to the particular revenue fund reported in the government-wide statements
Find out deet park's net income for 2008 . Prepare a balance sheet for deer park
The firm has placed many issues in the capital markets during the last 10 years, and its debt flotation cost are currently estimated to be 4% of the issue's value. GST's federal-plus -tax rate is 40%. Illustrate what is the total dollar call premi..
Illustrate what is the company's total tax liability to both jurisdictions for each of the two alternative transfer pricing scenarios?
question1. the subsequent selected transactions relate to liabilities of united insulation corporation. uniteds fiscal
Gamma Ray Corp. has annual sales totaling $975,000 and an average gross profit of 20% of cost. What is the dollar amount of the gross profit?
question anita vasquez received 190000 from her mothers estate. she placed the funds into the hands of a broker who
Compute the cash payback period for the new hoist. Compute the annual rate of return for the new hoist.
The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Provided these facts, the number of units of product in the starting inventory last year must have been:
On June 30, 2012 Ghosh Company concludes that a customer's $4750 receivable (created in 2011) is uncollectible and that the account should be written off. Illustrate what effect will this action have on Ghosh's 2012 net income? Explain.
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