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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:

The following information was taken from the books and records of Ivanhoe, Inc.: 1. 2 3. Net Income Capital structure: 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. $10 par common stock, 220,000 shares issued and outstanding during the entire year. Stockwarrants outstanding to buy 14,560 shares of common stock at $20 per share. Other information: a. b. C 3. b C d. C. f. Bonds converted during the year Income tax rate Convertible debt was outstanding the entire year Average market price per share of common stock during the year Warrants were outstanding the entire year Warrants exercised during the year Security Common Stock Warrants Conversion Bonds $ $409,200 EPS 280,000 Compute diluted earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) 2.200,000 None 30% $32 None

How would I Debit and Credit for the transactions shown?     Oct. 1 Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of $375. The bonds are classified as a held-to-maturity long-term investment.   7 Sold, at $38 per share, 2,600 shares of treasury common stock purchased on Jun. 8.   14 Received a dividend of $0.60 per share from the Solstice Corp. investment on Jun. 1.   29 Sold 1,000 shares of Solstice Corp. at $45, including commission.   31 Recorded the payment of semiannual interest on the bonds issued on May 1 and the amortization of the premium for six months. The amortization is determined using the straight-line method. Dec. 31 Accrued interest for three months on the Dream Inc. bonds purchased on Oct. 1.   31 Pinkberry Co. recorded total earnings of $240,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income.   31 The fair value for Solstice…

Subject: acounting

The following information was taken from the books and records of Ludwick, Inc.: 1. 2. 3. (a1) Net income Capital structure: Convertible 6% bonds, each of the 300, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years $10 par common stock, 200,000 shares issued and outstanding during the entire year Stock warrants outstanding to buy 16,000 shares of common stock at $20 per share a. (a2) b. C. Other information: a. b. C. d. e. Bonds converted during the year Income tax rate Convertible debt was outstanding the entire year Average market price per share of common stock during the year Warrants were outstanding the entire year f. Warrants exercised during the year Your answer is correct. Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share $ e Textbook and Media Your answer is partially correct. Warrants Compute diluted earnings per share. (Round answers to 2 decimal places, e.g.…

The information below pertains to Sage Company for 2021. Net income for the year   $1,210,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into    30 shares of common stock   1,990,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible     into 3 shares of common stock   3,860,000 Common stock, $10 par value   5,880,000 Tax rate for 2021   20% Average market price of common stock   $25 per share There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 72,400 shares of common stock at $20 per share. (b) Compute diluted earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share

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

If Dakota Company issues 2,900 shares of $9 par common stock for $55,100, a. Common Stock will be credited for $55,100. b. Cash will be debited for $26,100. c. Paid-In Capital in Excess of Par will be credited for $29,000. d. Paid-In Capital in Excess of Par will be credited for $26,100.

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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 balance sheet caption for common stock is: Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, and 5,500,000 shares outstanding. a. Calculate the dollar amount that will be presented opposite of this caption. b. Calculate the total amount of a cash dividend of $1.00 per share.c. What accounts for the difference between issued shares and outstanding shares?

The information below pertains to Shamrock Company for 2021. Net income for the year   $1,210,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into    30 shares of common stock   2,000,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible     into 3 shares of common stock   4,080,000 Common stock, $10 par value   6,130,000 Tax rate for 2021   20% Average market price of common stock   $25 per share There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 74,200 shares of common stock at $20 per share. (a) Compute basic earnings per share for 2021. Basic earnings per share   $ (b) Compute diluted earnings per share for 2021. Diluted earnings per share   $

The information below pertains to Pina Company for 2021. Net income for the year   $1,230,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into    30 shares of common stock   1,990,000 7% convertible, cumulative preferred stock, $100 par value; each share is convertible     into 3 shares of common stock   4,110,000 Common stock, $10 par value   6,270,000 Tax rate for 2021   20% Average market price of common stock   $25 per share There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 68,200 shares of common stock at $20 per share.(a) Compute basic earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share   $  (b) Compute diluted earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)…

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…

The information below pertains to Swifty Company for 2021. Net income for the year   $1,210,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into    30 shares of common stock   1,970,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible     into 3 shares of common stock   4,200,000 Common stock, $10 par value   5,820,000 Tax rate for 2021   20% Average market price of common stock   $25 per share There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 71,800 shares of common stock at $20 per share.(a) Compute basic earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share   $  (b) Compute diluted earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)…

The information below pertains to Swifty Company for 2021. Net income for the year   $1,210,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into    30 shares of common stock   1,970,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible     into 3 shares of common stock   4,200,000 Common stock, $10 par value   5,820,000 Tax rate for 2021   20% Average market price of common stock   $25 per share There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 71,800 shares of common stock at $20 per share.(a) Compute basic earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share   $  (b) Compute diluted earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)…

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.…

If Dakota Company issues 1,100 shares of $6 par common stock for $24,200, a.Cash will be debited for $6,600. b.Common Stock will be credited for $24,200. c.Paid-In Capital in Excess of Par will be credited for $17,600. d.Paid-In Capital in Excess of Par will be credited for $6,600.

Prepare the journal entry to record Zende Company's issuance of 79,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet

Prepare the journal entry to record Rony Company's issuance of 35,000 shares of its common stock assuming the share have a : a. $4par value and sell for $16 cash per share b. S4 stated value and sell for $16 per share.

Company Z has 2.4 million shares of common stock authorized with a par value of $1 and a market price of $58. There are 1.2 million outstanding shares and 0.3 millión shares held in treasury stock Required: a. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. c. Prepare the journal entry if the company declares and distributes a 100% stock dividend. d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Required A Required B Required C Required D Prepare the journal entry if the company declares and distributes a 10% stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars and not in millions.) View transaction list Journal entry worksheet Record…