What is the fully diluted number of shares outstanding

Assignment Help Accounting Basics
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?

Reference no: EM133112935

Questions Cloud

What are alternative accounting methods : What are alternative accounting methods? Provide 1 example. What is pro forma income? What is its purpose
Briefly explain the key features of external labour supply : What programs can you implement to become the Employer of Choice - Briefly explain the key features of external labour supply relevant to your industry
What is one risk management strategy that is apparent : What is one risk management strategy that is apparent in a business. Reflect upon how it is effective or not so effective in reducing overall risk
What actions should modesto take based on the budget : The company's supplier can provide a maximum of 50,000 units per month. What actions, if any, should Modesto take based on the budget information presented
What is the fully diluted number of shares outstanding : Pinder Co accounts for this convertible bond using the if-converted method. What is the fully diluted number of shares outstanding for Pinder Co
What is the value of firm excluding any growth : Annie's Donut Shops, Inc., has expected earnings of $5 per share for next year. The firm's ROE is 12%, and its earnings retention ratio is 75%. If the firm's ma
What is the adjusted balance of investments : The unadjusted balances in the home office and branch books are P23,140 and P14,340, respectively. What is the adjusted balance of Investments
Calculate convenience yield for magnoosium scrap : Calculate convenience yield for magnoosium scrap from the following information: (Do not round intermediate calculations. Enter your answer as a percent rounded
What is the total sales amount to be recorded : They have provided the following information relating to the June quarter. What is the Total Sales amount to be recorded

Reviews

Write a Review

Accounting Basics Questions & Answers

  Mosbey inc is working on its cash budget for june the

mosbey inc. is working on its cash budget for june. the budgeted beginning cash balance is 23000. budgeted cash

  Prepare the statement of changes in equity for juan

Prepare the Statement of Changes in Equity. he following balances were retrieved from the records of Juan's Janitorial Services for the year

  How much did fishbone pay for the bonds

The bonds mature on January 1, 2020, and pay interest annually beginning January 1, 2011. How much did Fishbone pay for the bonds

  Determine the governmental-type funds

(Use of funds) The mayor of New West Norwalk wants to simplify the accounting system used by the town. He approached you with the following task.

  How much total cost would be charged to the ending work

The U2 Company uses process costing in its only department. This problem will cover 3 months. How much total cost would be charged to the ending Work

  Simplistic terms or using a published analysis

You could also attempt an analysis of the company in simplistic terms or using a published analysis (e.g. from the Financial Times or elsewhere) comment on it. These sorts of exercises lend themselves to group work by students and group presentatio..

  Prepare a tabular summary to record the events

On August 1, 2017, Bramble Corp. issued $482, Prepare a tabular summary to record the following events. The accrual of interest on December 31, 2017

  Which situations viewed as impairing a member independence

other appropriate parties as impairing the member's objectivity. Which of the following situations could be viewed as impairing a member's independence?

  How does increase liabilities of rucker co

Darius Rucker started a business by investing $10,000 cash and a car worth $15,000. There is a $6,000 note payable on the car for the amount still owed.

  What is ezra gross income from the receipt

Ezra purchased 2,000 shares of Gold Utility Mutual Fund for $20,000. What is Ezra's gross income from receipt of 2,100 shares as a two-for-one stock split

  From the account balances listed below prepare a schedule

from the account balances listed below prepare a schedule of cost of goods manufactured for sampson manufacturing

  Journal entries-cayuga meadows

Cayuga Meadows purchased 42,000 shares of common stock of Long Corporation as a long-term investment for $1,000,000. During the year, Long Corporation reported net income of $500,000 and paid dividends of $200,000.

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