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One company had 40,000 common shares outstanding for all of 2020. Additionally, the company had 20,000 convertible preferred shares outstanding, issued in 2019. Each preferred share is convertible into two common shares. On August 1, 2020, 18,000 preferred shares were converted to common shares. Also, the company issued 30,000 options on July 1, 2020. The options allow you to buy 30,000 common shares at $ 25 per share. The average market price for the second half of 2020 was $ 30 per share. On October 1, 2020, 12,000 options were exercised.
Problem 1. Calculate the weighted average number of common shares outstanding for the purpose of 2020 basic earnings per share. Problem 2. Calculate the weighted average number of common shares outstanding for 2020 diluted earnings per share.
Find What is the value of x? Using the straight line method of depreciation, the book value at the end of 5 years will be Php 291,500.
Sometimes, official government reserves are singled out in the balance of payments accounts. For example, when China buys U.S. financial assets.
What is the incremental income from selling the units as scrap and reworking and selling the units? Should the company sell the units as scrap or rework them
Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation
Danner Company expects to have a cash balance of $59,110 on January 1, 2014. Prepare a cash budget for January and February
For the current year, Custom Craft Services Inc. (CCS), a C corporation, reports taxable income of $225,000 before paying salary to Jaron the sole shareholder.
Epley Corporation makes a product with the following standard costs: Calculate the labor rate variance for July
Further, as required by the bond indentures, it would transfer $1 million of the bond proceeds from the capital projects fund to the debt service fund to be held in reserve until the debt matures
Goods are sold by a firm in crates, purchased at 7/6d each. Customers of the firm are charged 10/- and allowed 6/- for each crate returned within a specific.
Required - Provide the necessary journal entries for the disposal of the machinery and the acquisition of the motor vehicle on 1 July 2019
chris spends 800000 to build a qualified low-income housing project which is placed in service on january 1 2012. he
What is the amount of the joint costs allocable to A before the changes are made to the existing production process assuming the company allocates its joint costs according to the proportion of units produced?
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