Do not give answer in image formate 1Basic and Diluted Earnings Per Share23 Bloodhound Corp. provides the following data for calendar 20234 Net Income$2,400,0005678Transactions in Common Shares1-Jan beginning1-Mar purchase of treasury shares1-Jun shares split 2 for 11-Novissuance of new shares910118% Cumulative Convertible Preferred Shares (no par)12 Convertible into 200,000 common shares13adjusted for split on June 11415 Stock Options16 Exercisable at the option price of $25 per share.17 Average market price in 2023 was $30 (market price18 and option price adjusted for split).1920 Required (show all your calculations)212223a)b)60,000 sharesChange Cumulative1,000,000940,000-60,000940,000 1,880,000120,0002,000,000$1,000,000Calculate basic earnings per share for 2023.Calculate diluted earnings per share for 2023.

Potential common shares refer to shares of a company's stock that have the potential to be issued…

Basic and Dilated Earnings Per Share Bloodhound Corp. provides the following data for calendar 2023 Net Income $2,400,000 Transactions in Common Shares 1-Jan beginning 1-Mar purchase of treasury shares 1-Jun shares split 2 for 1 1-Novissuance of new shares D 8% Cumulative Convertible Preferred Shares (no par) Convertible into 200,000 common shares adjusted for split on June 1 2 3 4 5 Stock Options 6 Exercisable at the option price of $25 per share. Average market price in 2023 was $30 (market price 8 and option price adjusted for split). 7 9 20 Required (show all your calculations) 21 2 23 a) b) 60,000 shares Change -60,000 940,000 120,000 Cumulative $1,000,000 Calculate basic earnings per share for 2023. Calculate diluted earnings per share for 2023. 1,000,000 940,000 1,880,000 2,000,000

Basic and Dilated Earnings Per Share Bloodhound Corp. provides the following data for calendar 2023 Net Income $2,400,000 Transactions in Common Shares 1-Jan beginning 1-Mar purchase of treasury shares 1-Jun shares split 2 for 1 1-Novissuance of new shares D 8% Cumulative Convertible Preferred Shares (no par) Convertible into 200,000 common shares adjusted for split on June 1 2 3 4 5 Stock Options 6 Exercisable at the option price of $25 per share. Average market price in 2023 was $30 (market price 8 and option price adjusted for split). 7 9 20 Required (show all your calculations) 21 2 23 a) b) 60,000 shares Change -60,000 940,000 120,000 Cumulative $1,000,000 Calculate basic earnings per share for 2023. Calculate diluted earnings per share for 2023. 1,000,000 940,000 1,880,000 2,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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