What is Owl diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM132958848

Questions -

(1) In 2020, Owl Co. had $900,000 net income with $100,000 declared common dividends, a 25% tax rate, and 200,000 common shares outstanding all year. On April 30, 2020, Owl issued its only dilutive security, $2,000,000, 6%, 9-year bonds at par, convertible to 60,000 common shares. What is Owl's 2020 diluted earnings per share?

(2) On January? 2, 2020, Owl Co. purchased a? 25% interest in Fox Co. for? $650,000. On this? date, Fox's ?stockholders' equity was? $2,000,000. The carrying amounts of Fox's identifiable net assets approximated their fair? values, except for land whose fair value exceeded its carrying amount by? $500,000. For 2020, Fox reported net income of ?$300,000 and declared dividends of $40,000. Owl accounts for this investment using the equity method. In its December? 31, 2020 balance? sheet, what amount should Owl report as investment in? subsidiary?

Reference no: EM132958848

Questions Cloud

How much is recorded to the account : In Fox's entry on issuing this stock at this bargain lump-sum price, how much is recorded to the account, "Additional-Paid-In Capital - Common Stock"
What risk does losing their collective bargaining rights : Why were politicians in 2011 so interested in trying to repeal collective bargaining rights for public sector employees?
Challenges of performance management : How is the challenges of performance management in the public sector related to wicked problems?
Administration of hr policies and practices : 1. What is the relationship between the HR functions and other operations of the organization in the administration of HR policies and practices?
What is Owl diluted earnings per share : Owl issued its only dilutive security, $2,000,000, 6%, 9-year bonds at par, convertible to 60,000 common shares. What is Owl's 2020 diluted earnings per share
Weaknesses around resumes in a selection process : Resumes are very commonly used as a primary screening tool, but we know that resumes have poor predictive validity, and can lead to discrimination used the way
Mention and argue about the forces that influence training : Select three of them and, through examples, briefly explain how each of the three selected forces controlled the training.
Identify environmental issues that impact human resources : There are many environmental factors influencing the workplace today, including generational differences and concerns, the economy, globalization, artificial in
Compute the cash payback period : Hinton Company is considering purchasing new equipment for $664,200. Annual depreciation will be $36,900. Compute the cash payback period

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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