User Account

All Pages

What is the diluted earnings per share

Assignment Help Financial Accounting
Reference no: EM132791963

Question - Gray Company has 150,000 ordinary shares outstanding, 10,000 cumulative convertible preference share with a par value of P100 per share that are convertible into 25,000 ordinary shares and an 8% convertible bonds with a face value of P1,000,000 which is equal to its liability component, convertible into 30,000 ordinary shares. Net income for the year is P850,000. Income tax rate is 32%.

Required -

1: Assuming the dividend rate of the preference share is 12%, what is the diluted earnings per share?

2: Assuming the dividend rate of the preference share is 10%, what is the diluted earnings per share?

Reference no: EM132791963

Questions Cloud

Adopt for improving communication within organization : Discuss a tool or strategy a leader can adopt for improving communication within the organization.
Create a job description for your current position : From your discussion preparation work, create a job description for your current or most recent position. Justify how you selected the task components.
What should be the basic earnings per share : During the year, the company declared and paid P420,000 cash dividend on the ordinary and P240,000 on the preference. What should be basic earnings per share
Management strategy : Discuss a management strategy used to retain or increase cash. Share an example of a time when you've used a similar strategy in your personal finances.
What is the diluted earnings per share : Assuming the dividend rate of the preference share is 10%, what is the diluted earnings per share
Leadership examination : Describe at least three different types of behavioral leadership approaches.
Discuss possibility that unions are not always adversarial : Write a two-page essay that investigates the ways in which a union can increase employment for its members. For example, when unions pay television time.
Calculate the cost per equivalent unit for labor : Calculate the cost per equivalent unit for labor, assuming that labor is added uniformly throughout the production process
Current state of quality-internal dynamics : What are some of the variables that can affect your hospital internally and externally?

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!

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