Aqua has correctly calculated its basic earnings per share (EPS) for the current year. Which of the following items need to be additionally considered when calculating Aqua's diluted EPS for the year? (1) A 1 for 5 rights issue of equity shares during the year at R1-20 when the market price of the equity shares was R2.00 (ii) The issue during the year of a convertible (to equity shares) loan note (iii) The granting during the year of directors' share options exercisable in three years' time (iv) Equity shares issued during the year as the purchase consideration for the acquisition of a new subsidiary company Select one: O a. All four O b. (i) and (ii) only c. (iii) and (iv) only d. (ii) and (iii) only

Aqua has correctly calculated its basic earnings per share (EPS) for the current year. Which of the following items need to be additionally considered when calculating Aqua's diluted EPS for the year? (1) A 1 for 5 rights issue of equity shares during the year at R1-20 when the market price of the equity shares was R2.00 (ii) The issue during the year of a convertible (to equity shares) loan note (iii) The granting during the year of directors' share options exercisable in three years' time (iv) Equity shares issued during the year as the purchase consideration for the acquisition of a new subsidiary company Select one: O a. All four O b. (i) and (ii) only c. (iii) and (iv) only d. (ii) and (iii) only

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: What was the change in Global’s book value of equity from 2018 to 2019 according to the data table?…

A: Equity is the main component of the capital structure and it is a long term liability which is…

Q: Questions: 1. Return on total assets 2. Return on common stockholder's equity 3. Book value…

A: 1. Return on total assets = 8.10 %

Q: How would I find the totals being asked?

A: Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities,…

Q: The following selected data were taken from the financial statements of the Winter Group for the 3…

A: Lets understand the basics.Return on total assets ratio indicates net operating income generated…

Q: Prepare a statement of changes in stockholders’ equity for Year 1

A: Statement of stockholders equity is one of the financial statement which shows changes in equity…

Q: Markus Company’s common stock sold for $2.75 per share at the end of this year. The company paid a…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Prag Co. reported the following financial data for its most current year: Beginning-of-year common…

A: Formula: Ending of the year total stockholders equity = Beginning of the year common stock +…

Q: Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken…

A: Lets understand the basics.Ratio analysis is done to compare data of two years or items provided in…

Q: Determine the following measures for 20Y2, rounding to one decimal place including percentages,…

A: No. of Common stock = Common stock capital / Par value per share = 500000/5 = 100,000 shares No. of…

Q: Current liabilities Long-term liabilities Stockholders' equity Common stock, $5 par 5% Preferred…

A: a). Total liabilities to equity ratio : Total liabilities to equity ratio = (Current liabilities +…

Q: At the market close of a recent year, Sherman Corporation had a closing stock price of $200. In…

A: Introduction: The dividend yield is a financial rate that equates the amount of cash dividend…

Q: journal entries

A: Journal entries are the basis of preparing financial statements. Whether you want to prepare final…

Q: Suppose that for 2010 Aquarius company's current assets totaled $60,000; total assets totaled…

A: Step 1:Calculation of Debt-to-Equity Ratio for Aquarius in 2010:Formula : Debt-to-Equity Ratio =…

Q: The following table shows your stock positions at the beginning of the year, the dividends that each…

A: The portfolio return is the dividend earned and the difference between the closing and opening price…

Q: At the end of the first year of operations, the total cost of the trading securities portfolio is…

A: Trading securities are those securities which are held by the entity sell it within short period of…

Q: Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two…

A: Interest expense = face value of Bonds x rate of interest = 936000*10% = $93,600

Q: please provide answer for all question

Q: The following information was taken from the financial statements of Zeil Inc. for December 31 of…

A: The ratio analysis is done to analyse the different financial statements of the business. The…

Q: 00 Common stock, 50,000 shares outstanding 210,000 Interest expense 70,000

A: Income Statement Sales Revenue $ 14,00,000Cost of Goods Sold $ 7,84,000Gross Margin $…

Q: A7 please help.....

A: Step 1: Formula Times interest earned ratio = Earnings before interest and taxes/Total interest…

Q: Tuli Ltd's Statement of Financial Position for 2023 and 2022 financial years are presented below:…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: want correct answer please provide

A: Stockholder's EquityStockholder's Equity Common Stock 450,000 Treasury Stock…

Q: For the fiscal year ended June 30, 2020, calculate the following for Novak Pharmaceutical…

A: (a.) Preferred dividend = $1,125,000 * 6% = $67,500 Basic earnings per share = (Net income -…

Q: Calculate diluted earnings per share for the year ended December 31, 2023.

A: Diluted earnings per share= (Net income + Post tax interest )/ Weighted average shares outstanding

Q: At the market close on May 12 of a recent year, McDonald’s Corporation had a closing stock price of…

A: Dividend yield: This is the ratio which measures the amount of dividends paid relative to the market…

Q: Return on Equity Evans & Sons, Inc., disclosed the following information in a recent annual report:…

A: Lets understand the basics.RETURN ON COMMON SHAREHOLDERS EQUITYReturn on Shareholders Equity is the…

Question

Aqua has correctly calculated its basic earnings per share (EPS) for the current year. Which of the following items need to be additionally considered when
calculating Aqua's diluted EPS for the year?
(i) A 1 for 5 rights issue of equity shares during the year at R1-20 when the market price of the equity shares was R2.00
(ii) The issue during the year of a convertible (to equity shares) loan note
(iii) The granting during the year of directors' share options exercisable in three years' time
(iv) Equity shares issued during the year as the purchase consideration for the acquisition of a new subsidiary company
Select one:
O a. All four
O b. (i) and (ii) only
c. (iii) and (iv) only
d. (ii) and (iii) only

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Follow-up Questions

Read through expert solutions to related follow-up questions below.

Follow-up Question

Select one:
a.
(iii) and (iv) only
b.
(ii) and (iii) only
c.
(i) and (ii) only
d.
All four

Solution

by Bartleby Expert

SEE SOLUTION

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Smith Inc. has announced net earnings of $877,500 for this year. The company has 325,660 shares outstanding, and the year-end stock price is $50.48. What are the company’s earnings per share and P/E ratio? a. EPS: $2.69; P/E: 18.77 times b. EPS: $0.37; P/E: 18.77 times c. EPS: $0.37; P/E: 10.55 times d. EPS: $2.69; P/E: 10.55 times
Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid Interest expense Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. 2.46 3.07 0.41 5.07 $868,000 263,400 2,167,800 353,540 81,447 108,390 13,170 86,800
The income statement for Dodson Corporation reported net income of $22,400 for the year ended December 31 before considering the following: During the year the company purchased available-for-sale securities. At year end, the fair value of the investment portfolio was $2,100 more than cost. The balance of Retained Earnings was $83,000 on January 1. . Dodson Corporation paid $9,000 in cash dividends during the year. Calculate the balance of Retained Earnings on December 31. 51,600
On December 31. Sulfur Corporation has the following data available: Net Income $140,000 Interest expense 20,000 Total assets at the beginning of the year 720,000 Toital assets at the end of the year 810,000 Total common stockholders' equity at the beginning of the year 440,000 Total common stockholders' equity at the end of the year 300,000 What is return on equity? A. 32.43% B. 27.03% C. 37.84% D. 15.69%
The following information is available for Jase Company: Market price per share of common stock $25.00 Earnings per share on common stock 1.25 Which of the following statements is correct? a. The price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year. b. The market price per share and the earnings per share are not statistically related to each other. c. The price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. d. The price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year.
Gympa reported on its income statement a net income $647,000 for the year ended December 31 before considering the following: a. During the year, Gympa purchased trading securities b. At year-end , the fair value of the investment portfolio was $50,000 lesshan the cost c. The balance of Retained Earnings was $792,000 on January 1 d. Gympa paid $67,000 in cash dividends during the year. Using the above data, calculate the balance of Retained Earnings on Decemeber 31.
Options were granted on July 1, 2019, to purchase 220,000 shares at $14 per share. Although no options were exercised during fiscal year 2020, the average price per common share during fiscal year 2020 was $20 per share. 1. 2. Each bond was issued at face value. The 7% convertible bonds will convert into common stock at 50 shares per $1,000 bond. The bonds are exercisable after 5 years and were issued in fiscal year 2019. 3. The preferred stock was issued in 2019. 4. There are no preferred dividends in arrears; however, preferred dividends were not declared in fiscal year 2020. 5. The 990,000 shares of common stock were outstanding for the entire 2020 fiscal year. 6. Net income for fiscal year 2020 was $1,520,000, and the average income tax rate is 20%. For the fiscal year ended June 30, 2020, calculate the following for Ayayai Pharmaceutical Industries. (Round answers to 2 decimal places, e.g. $2.45.) (a) Basic earnings per share. Basic earnings per share $ (b) Diluted earnings per…