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1. (EPS, Anti dilution) Brad Dolan, a stockholder of Rhode Corporation, has asked you, the firm's accountant, to explain why his stock warrants were not included in diluted EPS. In order to explain this situation, you must briefly explain what dilutive securities are, why they are included in the EPS calculation, and why some securities are anti dilutive and thus not included in this calculation. Write Mr. Dolan a 1-1.5 page letter explaining why the warrants are not included in the calculation. Use the following data to help you explain this situation. Rhode Corporation earned $228,000 during the period, when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $25 per share during the period. Also outstanding were 30,000 warrants that could be exercised to purchase one share of common stock at $30 per warrant.
Industrial Supply Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below
Complete the tables below to determine each layer for the cost of merchandise sold and the ending inventory (for ending inventory, start with the last layer and work backwards).
1the blankenship company paid a cash dividend of 0.44 per share during the current year and reported 18000 shares of
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Decomat Ltd (D) acquires 75% of equity shares in Macs Ltd (M) through exchanging one $1 share in D for three $1 shares in M. M has a total of 60 000 shares. D's shares have a market value of $3 on the date of acquisition, while M's shares are valu..
TD Industries has a piece of equipment that has a cost of $400,000. The equipment has accumulated depreciation of $305,000.
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50.
product cost abc company believes that it has an additional 5000 machine hours available in the current facility before
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1.your brother is short on cash and cannot pay his rent this month. you pay his rent for him. is this taxable income
Assuming the market price of the Schieble bonds was known to be $180,000, but the market price of the warrants without the bonds cannot be determined, what are the amounts that should be allocated to the warrants and the bonds?
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