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Bloodhound Corp provides the following data for calendar 2020 Net Income Transactions in Common Shares Change 01-Jan beginning 01-Mar purchase of treasury shares 01-Jun shares split 2 for 1 01-Novissuance of new shares Convertible into b) Cumulative 4% Cumulative Convertible Preferred Shares (no par) 250,000 common shares Stock Options Exercisable at the option price of Average market price in 2020 was and option price adjusted for split) Instructions adjusted for split on June 1. 900,000 -100,000 800,000 800,000 1,600,000 150,000 1,750,000 $28 per share $30 (market price) shares Calculate basic earnings per share for 2020. Calculate diluted earnings per share for 2020 $2,3! $1,25

Bloodhound Corp provides the following data for calendar 2020 Net Income Transactions in Common Shares Change 01-Jan beginning 01-Mar purchase of treasury shares 01-Jun shares split 2 for 1 01-Novissuance of new shares Convertible into b) Cumulative 4% Cumulative Convertible Preferred Shares (no par) 250,000 common shares Stock Options Exercisable at the option price of Average market price in 2020 was and option price adjusted for split) Instructions adjusted for split on June 1. 900,000 -100,000 800,000 800,000 1,600,000 150,000 1,750,000 $28 per share $30 (market price) shares Calculate basic earnings per share for 2020. Calculate diluted earnings per share for 2020 $2,3! $1,25

FINANCIAL ACCOUNTING
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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Bloodhound Corp provides the following data for calendar 2020 Net Income Transactions in Common Shares Change Cumulative 01-Jan beginning Convertible into 01-Marpurchase of treasury shares 01-Jun shares split 2 for 1 01-Novissuance of new shares Instructions a) b) 4% Cumulative Convertible Preferred Shares (no par) 250,000 common shares adjusted for split on June 1. Stock Options Exercisable at the option price of Average market price in 2020 was and option price adjusted for split) Calculate basic earnings per share for 2020. Calculate diluted earnings per share for 2020. net income 2350000 split 1250000 shares 60000 900,000 -100,000 800,000 800,000 1,600,000 150,000 1,750,000 $28 per share $30 (market price) shares $2,35 $1,25
Transcribed Image Text:Bloodhound Corp provides the following data for calendar 2020 Net Income Transactions in Common Shares Change Cumulative 01-Jan beginning Convertible into 01-Marpurchase of treasury shares 01-Jun shares split 2 for 1 01-Novissuance of new shares Instructions a) b) 4% Cumulative Convertible Preferred Shares (no par) 250,000 common shares adjusted for split on June 1. Stock Options Exercisable at the option price of Average market price in 2020 was and option price adjusted for split) Calculate basic earnings per share for 2020. Calculate diluted earnings per share for 2020. net income 2350000 split 1250000 shares 60000 900,000 -100,000 800,000 800,000 1,600,000 150,000 1,750,000 $28 per share $30 (market price) shares $2,35 $1,25
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