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The following information was taken from the books and records of Ivanhoe, Inc.: 1. Net Income $409,200 2. Capital structure: a. Convertible 6% bonds. Each of the 280, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. 280,000 b. $10 par common stock, 220,000 shares issued and outstanding during the entire year. 2,200,000 c. Stock warrants outstanding to buy 14,560 shares of common stock at $20 per share. 3. Other information: a. Bonds converted during the year None b. Income tax rate 30% c. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year $32 e. Warrants were outstanding the entire year f. Warrants exercised during the year None     Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share $   Compute diluted earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Security EPS Common Stock $ Warrants $…

The following information was taken from the books and records of Wildhorse, Inc.: 1.   Net Income   $488,400 2.   Capital structure:         a.   Convertible 6% bonds. Each of the 290, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years.   290,000     b.   $10 par common stock, 220,000 shares issued and outstanding during the entire year.   2,200,000     c.   Stock warrants outstanding to buy 15,520 shares of common stock at $20 per share.     3.   Other information:         a.   Bonds converted during the year   None     b.   Income tax rate   30%     c.   Convertible debt was outstanding the entire year         d.   Average market price per share of common stock during the year   $32     e.   Warrants were outstanding the entire year         f.   Warrants exercised during the year   None

The following information was taken from the books and records of Cullumber, Inc.: 1.   Net Income   $391,400 2.   Capital structure:         a.   Convertible 6% bonds. Each of the 290, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years.   290,000     b.   $10 par common stock, 190,000 shares issued and outstanding during the entire year.   1,900,000     c.   Stock warrants outstanding to buy 15,040 shares of common stock at $20 per share.     3.   Other information:         a.   Bonds converted during the year   None     b.   Income tax rate   30%     c.   Convertible debt was outstanding the entire year         d.   Average market price per share of common stock during the year   $32     e.   Warrants were outstanding the entire year         f.   Warrants exercised during the year   Compute diluted earnings per share

The following information was taken from the books and records of Luxemburg, Inc.: 1. Net income $ 480,000 2. Capital structure: a. 300 shares of convertible 6% bonds. Each of the $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. $300,000 b. $10 par common stock, 200,000 shares issued and outstanding during the entire year. $2,000,000 c. Stock warrants outstanding to buy 16,000 shares of common stock at $20 per share. d. 200,000 shares of 6% nonconvertible preferred stock, $5 par value. $1,000,000 3. Other information: a. Bonds converted during the year: None b. Income tax rate: 30% c. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year: $32 e. Warrants were outstanding the entire year None f. Warrants exercised during the year: Reauired:

Subject: acounting

ion Shown below is information relating to the stockholders' equity of Ozone Corporation at June 30, 2023. $400,000 6% cumulative preferred stock, $100 par, 50,000 shares authorized Common stock, $4.55 par, 40,000 shares authorized; 30,800 shares issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings What is total paid-in capital? Select one: O a. $2,160,000. O b. $540,000. O c. $2,040,000. O d. $660,000. $140,000 $100,000 $1,400,000 $120,000

The following information was obtained from the books of Mwangi ltd for the year ended 31st December 2018.                                                             Capital structure                                                               As 31.12.2018                                                                                                                                                                             Ksh Ordinary share capital(par value ksh 30)                                4,600,000 8% preference shares (par value ksh 25)                                3,400,000 15% debentures stock (issue price ksh 100)                           800,000 20% bank loan                                                                         2,200,000 Additional information; The market price is as follows Ordinary shares ksh 50 8% preference shares ksh 22 15% debentures ksh 90 The company has maintained a dividend per share of ksh 5 per annum and it is expected to grow in…

The information below pertains to TV Johnny Company for Year 11:   Net income for the year                                                                      $1,200,000 7% convertible bonds issued at par ($1,000 bond);     each bond convertible into 30 shares of common stock                   2,000,000 6% convertible, cumulative preferred stock, $100 par value;     each share convertible into 3 shares of common stock                    4,000,000 Common stock, $10 par value                                                              6,000,000 Income tax rate for Year 11                                                                        20% Average market price of common stock during Year 11                   $25 per share Market price of common stock on December 31, Year 11                $30 per share   There were no changes during Year 11 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common…

Selected account balances of the Han Corporation as at December 31, 20x3 are as follows: Convertible bonds, 5% $31,045,617 Preferred Shares, Series A, $4, noncumulative, 60,000 shares issued and outstanding, each preferred share is convertible into 3 common 6,000,000 shares Preferred Shares, Series B, $5, cumulative, 35,000 shares issued and 3,500,000 outstanding Common shares, 3,000,000 shares issued and outstanding 42,000,000 Additional Information – The convertible bonds were issued on December 31, 20x0 and mature on December 31, 20x20, The face value of the bonds is $30,000,000. The bonds were issued to yield 4.7%. The bonds pay interest on June 30 and December 31 of each year. Each $1,000 bond is convertible into 20 common shares. In 20x3, Han purchased the shares of another company. As part of the agreement, Han agreed to issue an additional 80,000 shares on February 15, 20x4 if the net income of the other company for the year ended December 31, 20x3 was in excess of $1,000,000.…

1. What is the number of ORDINARY shares outstanding? 2. What is the number of PREFERENCE shares outstanding? 3. How much is the Retained earnings, BEGINNING, unrestricted?

Katrina Company reported the following information at the end of reporting period: 1,500,000 Bonds payable - 10% Preference share capital, 12% cumulative, P100 par, 30,000 shares Ordinary share capital, 100,000 shares, P50 par 3,000,000 5,000,000 The bonds are convertible into ordinary shares in the ratio of 20 ordinary shares for every P1,000 bond. The preference share is convertible into ordinary share in the ratio of two ordinary shares for one preference share. The net income for the year was P3,695,000 and the income tax rate is 30%. Required: 1. Basic earnings per share 2. Diluted earnings per share

Selected transactions completed by Equinox Products Inc. during the fiscal yesar ended December 31, 20Y5, were as follows: Record on journal page 10 3 Issued 15,000 shares of $20 par common stock at S30, receiving cash. Issued 4,000 shares of S80 par preferred $1 stock at $100, receiving cash. Jan. Feb. 15 1 Issued $500,000 af 10-yesar, 5% bonds at 104, with interest payable semiarnually. Decared a quarterly dividend af $0.50 per share an comman stock and $1.00 per share an preferred May 16 stock. On the date of record, 100,000 shares of common stock were autstanding, no treasury shares were held and 20,000 shares of preferred stock were autstanding Jounalze mis transaction as two separate entries. 26 Paid the cash dividends decared on May 16. Jun. Purchased 4% bonds issued by Solstice Corp. as an available-far-sale investment for $300,150. Purchased 8,000 shares of treasury corman stock at $33 per share. 22 Purchased 40,000 shares af Pinkberry Co's common stock directly from the…