Concept earnings per share
Course:- Accounting Basics
Reference No.:- EM13146688

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

Santana Corporation has 400,000 shares of common stock outstanding throughout 2010. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in 2008. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/11. During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%.


Compute the proper earnings per share for 2010.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of c
Bonnie would like to have only the longest 10% of the calls redirected to a technical support manager. How long must a technical support call last before it qualifies f
Jane, who is a minority shareholder not on the board, gets no dividends and wishes to do something about this state of affairs. Explain to Jane what action she should take.
A manufacturer reported an inventory turnover ratio of 8.6 last year. During the current year, management introduced a new inventory control system that was expected to reduce
Calculate basic EPS. Ringmeup, Inc., had net income of $111,250 for the year ended December 31, 2013. At the beginning of the year, 40,000 shares of common stock were outstand
The purpose of accounting and financial reporting within your organization or an organization with which you are familiar - A description of the people, processes, and systems
From the first e-Activity, analyze the current state of the government regulation of product safety to determine whether the referenced agencies are generally proactive or r
An acquaintance of yours is considering acquiring bonds as an investment. Your friend states "I will only invest in bonds that sell at a discount. I can't imagine why a pers