0 Homework K Question 5, E20-8 (similar to) Part 1 of 5 HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Green Stamping began the current year with 265,000 common shares outstanding and issued an additional 240,000 shares on September 1. The firm has $11,900,000, 2.5% convertible bonds outstanding for a full year (i.e., $297,500 coupon interest per year), which are convertible into 322,000 shares of common stock. The firm issued the bonds at par and did not convert any during the current year. It also had $1,240,000 par value, 4% nonconvertible, noncumulative preferred stock outstanding for the full year and declared dividends for the current year. The company is subject to a 30% tax rate and net income is $4,500,000. Assume that the $4,500,000 net income reported by Green Stamping includes a $786,000 loss from discontinued operations, net of tax. Read the requirements. Requirement a. Based on this information, compute basic and diluted earnings per share (EPS) for the current year. Begin with the basic earnings per share for income from continuing operations. (Round the EPS to the nearest cent, $X.XX.) Basic EPS from income from continuing operations for the current year = Requirements a. Based on this information, compute basic and diluted earnings per share for the current year. b. Prepare the earnings per share disclosure on the income statement beginning with income from continuing operations. Print Done - X
0 Homework K Question 5, E20-8 (similar to) Part 1 of 5 HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Green Stamping began the current year with 265,000 common shares outstanding and issued an additional 240,000 shares on September 1. The firm has $11,900,000, 2.5% convertible bonds outstanding for a full year (i.e., $297,500 coupon interest per year), which are convertible into 322,000 shares of common stock. The firm issued the bonds at par and did not convert any during the current year. It also had $1,240,000 par value, 4% nonconvertible, noncumulative preferred stock outstanding for the full year and declared dividends for the current year. The company is subject to a 30% tax rate and net income is $4,500,000. Assume that the $4,500,000 net income reported by Green Stamping includes a $786,000 loss from discontinued operations, net of tax. Read the requirements. Requirement a. Based on this information, compute basic and diluted earnings per share (EPS) for the current year. Begin with the basic earnings per share for income from continuing operations. (Round the EPS to the nearest cent, $X.XX.) Basic EPS from income from continuing operations for the current year = Requirements a. Based on this information, compute basic and diluted earnings per share for the current year. b. Prepare the earnings per share disclosure on the income statement beginning with income from continuing operations. Print Done - X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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help please answer in text form with proper working and explanation for each and every part and steps with concept and introduction no ai no copy paste remember answer must be in proper format with all working
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K
Question 5, E20-8 (similar to)
Part 1 of 5
HW Score: 0%, 0 of 5 points
O Points: 0 of 1
Save
Green Stamping began the current year with 265,000 common shares outstanding and issued an additional 240,000 shares on September 1. The firm has $11,900,000, 2.5% convertible bonds outstanding for
a full year (i.e., $297,500 coupon interest per year), which are convertible into 322,000 shares of common stock. The firm issued the bonds at par and did not convert any during the current year. It also had
$1,240,000 par value, 4% nonconvertible, noncumulative preferred stock outstanding for the full year and declared dividends for the current year. The company is subject to a 30% tax rate and net income is
$4,500,000. Assume that the $4,500,000 net income reported by Green Stamping includes a $786,000 loss from discontinued operations, net of tax.
Read the requirements.
Requirement a. Based on this information, compute basic and diluted earnings per share (EPS) for the current year.
Begin with the basic earnings per share for income from continuing operations. (Round the EPS to the nearest cent, $X.XX.)
Basic EPS from income from continuing operations for the current year =
Requirements
a. Based on this information, compute basic and diluted earnings per share for
the current year.
b. Prepare the earnings per share disclosure on the income statement beginning
with income from continuing operations.
Print
Done
- X
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