User Account

All Pages

What is the denominator to compute the diluted earnings

Assignment Help Financial Accounting
Reference no: EM132464808

Problem - Smith Corporation had 30,000 shares of common stock outstanding during the year. In addition, there were compensatory share options to purchase 3,000 shares of common stock at $20 a share outstanding the entire year. The average market price for the common stock during the year was $36 a share. The unrecognized compensation cost (net of tax) relating to these options was $4 a share. What is the denominator to compute the diluted earnings per share?

a. 31,000

b. 31,333

c. 31,667

d. 33,000

Reference no: EM132464808

Questions Cloud

Find the total dollar amount of dividends : A total of $90,000 of dividends was paid in 2019. Find the total dollar amount of dividends that was paid to common shareholders during fiscal year 2019
How your policy change would improve the organization : Provide an analysis of how your policy change would improve the organization. Evaluate what changes in the organization would need to be made to implement.
Explain in two or three sentences what this means : In a research project, the Cohen's Kappa that assessed interrater agreement was found to be 0.85. Explain in two or three sentences what this means.
Describe each of generally accepted auditing standards : Briefly describe each of the generally accepted auditing standards and indicate how the action(s) of Holmes resulted in a failure to comply with each standard
What is the denominator to compute the diluted earnings : Smith Corporation had 30,000 shares of common stock outstanding during the year. What is the denominator to compute the diluted earnings per share
Calculate the sensitivity-specificity-positive predictive : Calculate the sensitivity, specificity, and positive predictive value of the test. Explain in words what a test specificity of 75% means?
How the children in your current headstart center setting : Describe how the children in your current headstart center or education setting could benefit from effective family partnerships. Present the benefits.
Calculate the probability of having b given : Using Bayes' Theorem, calculate the probability of having B given one has condition A. That is you are requested to calculate P(B|A).
Determine the management and auditor responsibilities : Determine the Management and auditor responsibilities.Areas of misconception, incompleteness, or fallacious reasoning included in the statements, if any. AICPA

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the variable overhead spending variance

What is the variable overhead spending variance for the month?

  How executives of corporate america have embraced

Analyze how executives of corporate America have embraced the new regulations and requirements of the Sox Act while maintaining their purpose to produce a profit for investors and staying in compliance of the new rules in the industry.

  Provide broader set of information about company performance

You are required to research information on the below issues, and then write the results of your research in an essay format - The main criticisms of traditional financial reporting and What other types of information could be included in annual repo..

  Amortized with monthly payments

A borrower takes a $300,000 loan with fixed rate of 4% amortized with monthly payments over 30 years. There are prepaid finance charges of 1 point on the loan amount plus $1,500.

  What is the amount of impairment loss

What is the amount of impairment loss recorded by Mickey Mouse Corp during 2017?

  Covert operations

What is wrong with this surveillance log-Why is it important to take detailed notes during surveillance and covert operations

  Prepare all journal entries for denizen corporation

On December 1, 2008, Denizen Corporation entered into a 120-day forward contract to purchase 20,000 Canadian dollars (C$). Prepare all journal entries for Denizen Corporation.

  Discuss circumstances that must exist for the auditor

Discuss what is meant by the term “auditing around the computer”. Discuss circumstances that must exist for the auditor to “audit around the computer”.

  What amount of gross profit would be recognized in 2013

Consider Platypus Building Inc. uses the percentage of completion technique, what amount of gross profit would be recognized in 2013?

  What amount of cash would keaton have received

Assume that Lewis was personally insolvent and could not contribute any assets to the partnership, while Keaton and Meador were both solvent.

  Balance in the overhead account at the end of the period

If you were the company's controller, would you want a debit balance, a credit balance, or no balance in the Overhead account at the end of the period?

  Record the incurrence of actual manufacturing overhead costs

During February, Irving Corporation incurred $92,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $85,000. The journal entry to record the incurrence of the actual Manufactu..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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