Blossom Corporation earned $352,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 16,500 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share   $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share   $

Q: Novak Corporation earned $371,000 during a period when it had an average of 100,000 shares of common…

A: Formula: Earnings per share = ( Net income - Total preferred dividends ) / Total outstanding shares

Q: Gamma Corporation has 250,000 ordinary shares issued and outstanding during the year. It has annual…

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A:

Q: f a company issues 10,000 shares of $2 par value common stock at a market price of $30 per share,…

A: Common stock: Common stock represents the share ownership of the public limited company. Holders of…

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Q: ABC Inc. has 20,000 common shares issued and outstanding as of January 1. On July 1, the company…

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Q: During its first year of operations, Cullumber Corporation had these transactions pertaining to its…

A: The Accounting Equation is calculated using the following equation -Assets = Liabilities +…

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A: 1.Calculate the earnings per share as follows:

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A: Price earning ratio is financial ratio. This is also known as PE ratio. It shows the relationship…

Q: Badger Corporation issued 9,000 shares of its $5 par value common stock in payment for attorney…

A: Paid-in Capital in Excess of Par = Attorney services  bill value - Par Value of Common stock.

Q: XYZ Corporation issued 1,000 shares of common stock with a par value of $10 per share. If the…

A: To calculate the total amount of additional paid-in capital, we need to determine the difference…

Q: Given the following information answer the three questions below. Brunleigh Corporation earned net…

A: EARNING PER SHAREEarning Per Share is the Ratio Between Net Operating Income for Common Shareholders…

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Q: None

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A: Earnings Per Share: The profit of a business is divided by the total quantity of shares that are…

Q: Windborn Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of…

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Q: Throughout the year, Baker Construction Company had3 million shares of common stock and 150,000…

A: Convertible preference share are those preferences shares which carry a right to be converted into…

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A: What is meant by Stock Split? As the name suggests, when one stock is split into more stocks…

Q: mmon stock sold at an average market price of $18 per share during the period. Also outstanding w…

A: Formula: Earnings per share = ( Net income - Total preferred dividends ) / Total outstanding shares

Q: The number of shares traded in the market for Company (S) amounted to 100,000 ordinary shares with a…

A: The journal entries are prepared to record the transactions on regular basis. The treasury stock…

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A: EPS means earnings per share being earned by each shareholder of the company. Formula to calculate…