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DEPS is net income available to common shareholders divided by the number of common shares outstanding after adjustment for all dilutive securities that could possibly be issued. DEPS is always equal to or less than BEPS. In this problem, the difference between BEPS and DEPS is the price used in the assumed treasury stock purchase. Under APB Opinion 15, the purchase of treasury stock from the hypothetical proceeds of the exercise of the 44,000 rights is presumed to be at the year-end market price, if higher than the average market price for the year. Thus, the $264,000 (44,000 shares × $6) available for treasury stock purchases will buy only 8,800 shares at the year-end price of $30 per share. Consequently, because 8,800 is 20% of the actual shares outstanding, no hypothetical proceeds must be used to reduce debt or purchase securities, and no numerator adjustment of net income is needed. The denominator will consist of the 44,000 actual shares assumed to be outstanding all year, plus 17,600 additional shares [(44,000 new shares – 8,800 treasury shares) × (6/12)]. The weighted average denominator of 61,600 shares is divided into the $229,680 of net income to give DEPS of $3.73.
Understand why organizations budget and the processes they use to create budgets, and recognize situations that present potential ethical and legal issues and develop solutions for those issues.
Create two journal entries for the actual costs incurred - one for variable overhead and one for fixed overhead and create two journal entries to record the variances for August - one for variable overhead and one for fixed overhead.
Prepare a merchandise purchases budget for the months of JUL
Prepare general journal entries to record the above transactions.
multiple choice questions related to capitalization costs of machinery and alculationnbsp of interest on notes payable
on 1st april 2013 darden corporation parent company of oliver garden red lobster longhorn steakhouse and bahama breeze
jamestown ltd balance of non-current assets total was 7.5 million at 1st january 2016 and closing balance was 6.4
In essence, without financial planning there is no way of being certain that the organisation can fund its own activities. You will need to give more detail on how this is done.
Compute the amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between incomes computed under variable and full costing.
multiple choice question based on cash flow statement.1.miller company purchased treasury stock with a cost of 15000
In the purchasing processes, illustrate what is often the first part of the process? Name at least four receiving transactions, in the order the processes occur.
The following assets were received from Jeff Horton in exchange for capital stock: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There were no liabilities received.
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