subject
Business, 22.04.2020 02:12 adrielalvarez267

E16-25 (EPS with Convertible Bonds and Preferred Stock) On January 1, 2014, Crocker Company issued10-year, $2,000,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Crockercommon stock. Crocker�s net income in 2014 was $300,000, and its tax rate was 40%. The company had100,000 shares of common stock outstanding throughout 2014. None of the bonds were converted in 2014.Instructions(a) Compute diluted earnings per share for 2014.(b) Compute diluted earnings per share for 2014, assuming the same facts as above, except that$1,000,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferredshare is convertible into 5 shares of Crocker common stock.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 02:40, ItzJuztWillie
The following accounts are denominated in pesos as of december 31, 2015. for reporting purposes, these amounts need to be stated in u. s. dollars. for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. then, again for each account, provide the exchange rate that would be necessary if a remeasurement is being made using the temporal method. the company was started in 2000. the buildings were acquired in 2002 and the patents in 2003. (round your answers to 2 decimal places.) exchange rates for 1 peso are as follows: 2000 1 peso = $ 0.28 2002 1 = 0.26 2003 1 = 0.25 january 1, 2015 1 = 0.24 april 1, 2015 1 = 0.23 july 1, 2015 1 = 0.22 october 1, 2015 1 = 0.20 december 31, 2015 1 = 0.16 average for 2015 1 = 0.19
Answers: 3
image
Business, 22.06.2019 20:40, AliTop232
The largest elements of community corrections are
Answers: 1
image
Business, 22.06.2019 23:10, wereallmadhere111
Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?
Answers: 1
image
Business, 23.06.2019 16:30, dinero2875
What do students buy when they pay tuition
Answers: 2
You know the right answer?
E16-25 (EPS with Convertible Bonds and Preferred Stock) On January 1, 2014, Crocker Company issued10...

Questions in other subjects:

Konu
Social Studies, 21.01.2020 08:31