Question 8 of 9View PoliciesCurrent Attempt in Progress12% convertible bonds (each $1,000 bond is convertible into 20 common shares)4% convertible $100 par value preferred shares (each share is convertible into 3 common shares)Crane Corporation is preparing earnings per share data for 2023. The net income for the year ended December 31, 2023, was$396,000 and there were 58,800 common shares outstanding during the entire year. Crane has the following two convertiblesecurities outstanding:The balances at December 31, 2023 do not reflect the conversion of April 1, 2023.(a)- /6$100,000$50,000Both convertible securities were issued at face value in 2024. Crane's income tax rate is 24%. The preferred shares are cumulative. Forsimplicity, ignore the requirement to record the debt and equity components of the bonds separately.Assume that 40% of the convertible bonds were converted to common shares on April 1, 2023.Weighted average number of common shares!!!sharesCalculate Crane's weighted average number common shares outstanding. (For your calculation, round share value and final answer toO decimal places, e.g. 5,250.):

The weighted average common shares outstanding is calculated by combining the number of common…

Answered: Calculate Crane's weighted average…

FINANCIAL ACCOUNTING

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Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Which of the following formulas is correct regarding the different status of shares of stock: authorized shares, issued shares, outstanding shares, and treasury shares? a. Issued - Treasury = Outstanding %3D b. Issued + Treasury - Authorized C. Authorized + Treasury = Issued d. Issued + Outstanding + Treasury Authorized
Can you fix the dividends per share for both classes of stock.
ESPAÑOL INGLÉS FRANCÉS As of the date of the financial statements, the number of common shares issued will exceed the number of shares outstanding as a result of to. the declaration of a stock dividend. b. the declaration of a division or division of shares (stock split). С. the purchase of shares in portfolio (treasury stock). Enviar comenta. MacBook Air
9A. How much is the excess of par to be used for book value per share computation? 9B. How much is the BOOK VALUE PER SHARE for PREFERENCE shares considering that the preference shares are cumulative and participating? (Present answer in 2 decimal places, example: XX.XX) On December 31, 2021, the statement of financial position of FRUITS Company showed the following shareholders equity accounts: • Ordinary shares, par P50, authorized 100,000 shares, issued 85,000 shares, in treasury 7,500 shares - P4,250,000 12% Preference shares, par P75, authorized 50,000 shares, issued 20,000 shares, in treasury 4,000 shares-P1,500,000 Share premium in excess of par-P 862,500 . Reserve for Treasury shares - 725,000 • Treasury ordinary shares-435,000, Treasury preference shares-P 290,000 • Retained earnings, unrestricted-P 2,168,000 Net income for the year - 762,000 Cash dividends declared - P 194,000; 2 years in arrears, current year is not yet included.
The shares of stock sold to investors are Select one: a. Treasury shares. b. Authorized shares. c. Issued shares. d. Outstanding shares. A firm that sold one share of $1 par value common stock for $10 would Select one: a. Debit common stock for $1. b. Debit common stock for $10. c. Credit common stock for $1. d. Credit common stock for $10. For a bond issued at par, the cash received upon issue equals the present value of the bond’s Select one: a. Principal repayment minus the interest payments. b. Principal repayment and interest payments. c. Principal repayment. d. Interest payments.
The following is the information on preferred stock issued by Huntington Power Co. Calculate the cost of preferred stock for the firm. Preferred Stock: Selling for $98. Dividends are $7 a share. a. 6.12% b. 5.45% c. 7.14% d. 9.57%
In each case in the following table,attached, how many dollars of preferred dividends per share must be paid to preferred stockholders before common stock dividends are paid?
Analyzing and Interpreting Stockholders' Equity and EPS Following is the stockholders' equity section of the balance sheet for The Procter & Gamble Company along with selected earnings and dividend data. For simplicity, balances for noncontrolling interests have been left out of income and shareholders' equity information. $ millions except per share amounts 2014 2013 Net earnings attributable to Procter & Gamble shareholders $11,156 $11,797 Common dividends 5,883 5,534 Preferred dividends 256 233 Basic net earnings per common share $3.82 $4.12 Diluted net earnings per common share $3.66 $3.93 Shareholders' equity: Convertible class A preferred stock, stated value $1 per share $1,195 $1,234 Common stock, stated value $1 per share 4,008 4,008 Additional paid-in capital 63,181 62,405 Treasury stock, at cost (shares held: 2014--1261.2; 2013--1243) (69,604) (67,278) Retained earnings 75,349 70,682 Accumulated other comprehensive income/(loss) (9,333) (2,054) Other (761) (996) Shareholders'…

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Calculate Crane's weighted average number common shares outstanding. (For your calculation, round share value and final ans O decimal places, e.g. 5,250.) Weighted average number of common shares shares