On January 1, 2021, Tonge Industries had outstanding 820,000 common shares ($1 par) that originally sold for $25 per share, and 4,000 shares of 10% cumulative preferred stock ($100 par), convertible into 40,000 common shares. On October 1, 2021, Tonge sold and issued an additional 12,000 shares of common stock at $38. At December 31, 2021, there were 27,000 incentive stock options outstanding, issued in 2020, and exercisable after one year for 27,000 shares of common stock at an exercise price of $35. The market price of the common stock at year-end was $53. During the year, the price of the common shares had averaged $45. Net income was $960,000. The tax rate for the year was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in thousands.)
Answers: 1
Business, 22.06.2019 03:10, samantha636
On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.
Answers: 3
Business, 23.06.2019 07:00, Shamplo8817
Select all of the tools you could use to track your expenses. -budget software -spreadsheet -mint© -automatic bill payment -mvelopes®
Answers: 2
Business, 23.06.2019 08:00, michellebreshears451
Whom do progressive taxes assess? a. only a large percentage of high-income households b. only a large percentage of organizations c. a large percentage of high-income households and organizations d. a large percentage of low-income households e. a small percentage of high-income households
Answers: 1
Business, 23.06.2019 22:00, naomicervero
According to federal regulations, an irb must have at least two community members to fulfill membership requirements; one member whose expertise is not in a scientific area and one member who is not affiliated with the institution.
Answers: 1
On January 1, 2021, Tonge Industries had outstanding 820,000 common shares ($1 par) that originally...
History, 15.10.2020 06:01
English, 15.10.2020 06:01
Arts, 15.10.2020 06:01
Mathematics, 15.10.2020 06:01
Computers and Technology, 15.10.2020 06:01
English, 15.10.2020 06:01