Reference no: EM133112935

Question - The home office bills its branch at 40% above cost. During the year 2020, goods costing 150,000 were shipped to the branch. The account "allowance for overvaluation of branch inventory", after adjustment, shows a balance of P25,000 at the end of the year.

Compute the amount of ending inventory at: a. Cost and b. Billed PricePinder Co. currently has 100 million shares outstanding, which are trading at $12 per share. Additionally, it has issued three tranches of stock options to its management to enhance managerial incentives and reduce agency costs. The first tranche consists of 1.25 million (call) options with an exercise price of $9. The second tranche consists of 1 million options with an exercise price of $10. The third tranche consists of 2.25 million options with an exercise price of $15. Pinder Co accounts for these stock options using the treasury stock method. Pinder Co has also issued $100 million in convertible bonds with a conversion price of $20. Pinder Co accounts for this convertible bond using the if-converted method. What is the fully diluted number of shares outstanding for Pinder Co?