User Account

All Pages

What is the number of incremental ordinary shares

Assignment Help Accounting Basics
Reference no: EM132950791

Question - Montana Company had 200,000 ordinary shares outstanding on January 1. In addition, as of January 1, the company had issued 4,000 convertible 10% bonds with P1,000 face value. The company has no other potentially dilutive securities. The bonds were converted on October 1 and 40 ordinary shares were issued in exchange for each bond. Accrued interest on the bonds was recognized and paid on that date. Net income for the year was P5,000,000. The income tax rate is 35%.

Required -

1. What is the basic earnings per share?

2. What is the number of incremental ordinary shares?

3. What is diluted earnings per share?

Reference no: EM132950791

Questions Cloud

What are the advantages of budgeting : Question - What are the advantages of budgeting? What are the three types of budgets that are part of the master budget
What is the euro currency market : What is the Euro Currency market? Why some countries such as England as part of the United Kingdom doesn't use the Euro? What do you think about Euro Currency
How would the additional shares of series a preferred stock : How would the additional shares of Series A preferred stock purchased of Company X on April 1, 2019, affect the measurement of the Series A preferred stock
What portion of the gifts is subject to the gift tax : What portion of these gifts is subject to the gift tax after consideration of the annual exclusion? $20,000 to University of North Alabama to pay niece tuition.
What is the number of incremental ordinary shares : Accrued interest on the bonds was recognized and paid on that date. Net income for the year was P5,000,000. What is the number of incremental ordinary shares
How much could withdraw today : Your grandmother just died, How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account?
How much is the recorded expense in the books of accounts : Entity A, a government entity, grants a 10,000 cash advance for the travelling expenses of an employee. How much is the recorded expense in the books of account
Compute the total value of the ninety- eight bonds : Compute the total value of the 98 bonds. The Florida Investment Fund buys 98 bonds of the Gator Corporation through a broker.
How much should ariel invest on january : On January 1, 2016 Ariel wants by December 31, 2020 to have P10,000,000. How much should Ariel invest on January 1, 2016 that will earn 10% annual interest

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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