subject
Business, 24.10.2019 16:43 vale2652

The information below pertains to barkley company for 2019. a. net income for 2019 was $300,000. b. $500,000 of 8% 10-year convertible bonds issued at 97 ($1,000 face per bond); each bond is convertible into 40 shares of common stock, were outstanding the entire period. the discount is being amortized on a straight-line basis. c. $700,000 of 6% convertible, cumulative preferred stock, $100 par value, which was issued at $104; each share is convertible into 4 shares of common stock were outstanding the entire period. d. 100,000 shares of $10 par value common stock was outstanding at the beginning of 2019. on july 29, an additional 20,000 shares were issued. on september 15, a 20% stock dividend was declared and issued. on december 1, 6,000 shares were reacquired as treasury stock. e. tax rate for 2019 of 30% f. average market price of common stock $25 per share for the year g. outstanding incentive stock option include options (granted at the beginning of 2018 with a 2 year vesting period) to purchase 8,000 shares of common stock at $20 per share. note: the conversion ratios and exchange rates for convertible bonds, preferred stock and options are shown on an as adjusted basis after the stock dividend. instructions: 1. compute the basic earnings per share. show supporting calculations. 2. compute the diluted earnings per share. show supporting calculations. 3. indicate which earnings per share figure(s) barkley company would report on its 2019 income statement.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:10
Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior
Answers: 2
question
Business, 22.06.2019 13:20
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
question
Business, 22.06.2019 15:30
For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.
Answers: 1
question
Business, 22.06.2019 16:30
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
You know the right answer?
The information below pertains to barkley company for 2019. a. net income for 2019 was $300,000. b....
Questions
question
Mathematics, 21.09.2019 08:30
question
Mathematics, 21.09.2019 08:30