User Account

All Pages

What should be the diluted earnings per share

Assignment Help Financial Accounting
Reference no: EM132963551

Question - At December 31, 2007, PotPot co. had 450,000 shares of ordinary shares outstanding. On September 1, 2008, an additional 150,000 shares of ordinary shares were issued. In addition, Potpot had P10, 000,000 of 6% convertible bonds outstanding at December 31, 2007 which are convertible into 300,000 shares of ordinary shares. The carrying value of the bonds as of December 31, 2007 and based on a rate of 8% is P9,205,800. No bonds were converted into ordinary shares in 2007. The net income for the year ended December 31, 2008 was P3,750,000. Assuming the income tax rate was 32%. What should be the diluted earnings per share for the year ended December 31, 2008 of Potpot co.?

Reference no: EM132963551

Questions Cloud

Improve collaboration among team members : A team is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselve
Which bank should the firm choose : If money market rates are expected to average 6% during the year, and the firm wishes to maximize income, which bank should the firm choose
Significance of the church in medieval society : 1: Explain the centrality and significance of the Church in medieval society.
How can ford integrate diversity and inclusion : How can Ford integrate diversity and inclusion into its succession management model.
What should be the diluted earnings per share : Assuming the income tax rate was 32%. What should be the diluted earnings per share for the year ended December 31, 2008 of Potpot co.
Calculate the activity rates : Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system
Contract negotiation simulation : Here is some background information as well as what we, as union representatives, are hoping to obtain:
Calculate Hawk contribution margin per unit : Question - Hawk Homes, Inc., makes one type of birdhouse that it sells for $29.50 each. Calculate Hawk contribution margin per unit
Describe five different training techniques : Using your own words, identify and briefly describe five different training techniques. Which do you think is most effective in which situations and why?

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