Company P has internally generated net income of $200,000 (excludes share of subsidiary income). Company P has 100,000 shares of outstanding common stock. Subsidiary Company S has a net income of $60,000 and 40,000 shares of outstanding common stock. Company P owns 100% of the Company S shares.What is consolidated diluted EPS, if:a. Company S has outstanding stock options for Company S shares, which cause a dilutive effect of 2,000 additional shares of Company S shares?b. Company S has outstanding stock options for Company P shares, which cause a dilutive effect of 2,000 additional shares of Company P shares?c. Company P has outstanding stock options for Company P shares, which cause a dilutive effect of 2,000 additional shares of Company P shares?

Q: On July 1, 2021, Battery Company’s board of directors declared a 10% share dividend. The market…

A: A stock dividend is a dividend paid to shareholders in the form of additional shares in the company.…

Q: Select the correct response: O P(79,360) O P24,750 O P79,360 O PO

A: Due to dividend declared there would be decrease in the retained earning due to which value of…

Q: Firm A has 196,000 shares of stock outstanding, each with a market price of $10 per share. Firm B…

A: Earnings per share is to be calculated by taking net income as the numerator and the number of…

Q: The EASY Corporation has the following information relating to its share capital: • 10% Preference…

A: Earning per share tells for each share of company's stock how much money company makes. The…

Q: Apex Corporation is considering the purchase of Pinnacle Company in a stock-for-stock exchange.…

A: Earning per share is a ratio that shows the earing of investors on each share. It's a financial…

Q: Dubro reported net income of $60,000 and paid dividends of $10,000 to its preferred shareholders for…

A: Total revenue from investment is the total income or earnings earned as a consequence of investing…

Q: Determine the total amount of dividends that must be declared to meet the dividend goal of the…

A: The determination of total amount of dividends that must be declared to meet the dividend goal of…

Q: Gender Corporation declared and issued a 6% share dividend on December 1. Prior to the declaration,…

A: Contributed capital is also known as paid in capital, it is the total cash and assets the investors…

Q: BFAR Corp. has the following Ordinary Share Capital, P100 par value: P1,000,000 . Subscribed Share…

A: Contributed Capital is also known as paid up capital. Contributed capital is the amount of money…

Q: Panca Corporation is the parent company of Sekawan Corporation, with 90% of ownership. The following…

A: EPS = Net income / No. of outstanding shares

Q: Company P has internally generated net income of $250,000 (excludes share of subsidiary income).…

A: Earnings per Share (EPS) is a widely used indicator for measuring corporate value since it shows how…

Q: Grey Company will distribute its shares to Summers Company How much is the cost per share of…

A: Dividends: This is the amount of cash distributed to stockholders by a company out its earnings,…

Q: How much is the consolidated retained earnings?

A:

Q: GRAPES Company provided the following data for the year: a. Sold 25,000 preference shares, 12%, P50…

A: Stock Split: Face value of the shares of companies is split in stock split and there is no…

Q: How much is the consolidated total equity? *

A: When one company takes over more than 50% of the shares of another company there exists the patient…

Q: 19. On January 5, 2022, Purpose Corporation purchased 70% of Showtime Company's P10 par ordinary…

A: Non-controlling interest (NCI), also known as minority interest, refers to the portion of equity…

Q: The following share dividends were declared and distributed by Wendy Corp.: Percentage of ordinary…

A: Amount debited to retained earnings for share dividend = Total Fair market value of Shares issued

Q: 4. An entity showed the following data: Share capital, par value P50 5,000,000 Share premium 200,000…

A: Share dividend is one of the form of dividend which is being paid to shareholders in the form of…

Q: Subsidiary Company had common stock of P350,000 and retained earnings of P490,000. Parent Inc. had…

A: Consolidated Net Assets would be calculated as Net assets of Parent Inc. before acquisition plus…

Q: The shareholders of ABC Corporation would like to know the valuation of their ownership in the…

A:

Q: After the combination, what is the total stockholders' equity of Parent Corporation? * A The…

A: Solution Given   Parent Subsidiary Capital stock 1500000 800000 Additional paid…

Q: set out below are the draft income statements of Panc ts subsidiary S for the year ended 31 December…

A: As per question S is a subsidiary Company of P.  Hence the transaction betwee both Company will…

Q: AAA Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Hey there, since multiple sub-parts are posted only the first three sub-parts will be answered.…

Q: Solano Company declared and distributed a 10% share dividend with a fair value of P1,500,000 and a…

A: Company means a form of business where the share holder invest money in business in form of shares…

Q: Quirk corporation issued a 100% stock dividend of its common stock which had a par value of $10…

A: The stock dividends are capitalized from the retained earnings on the basis of the fair value of the…

Q: The stockholder's equities of Parent Corporation and Subsidiary Corporation at July 1, 2020 were as…

A: Solution Given   Parent Subsidiary Capital stock 1500000 800000 Additional paid…

Q: Diluted EPS for the consolidated company is Select one: a. $9.00. b. $6.00. c. $5.00. d. $7.50.

A: Earnings per share is the share of net income for each outstanding common shares. This means that…

Q: Reed Corporation has a deficit in accumulated E & P of $300,000 and has current E & P of $225,000.…

A: Accumulated E & P= ($300,000) Current E & P= $225,000 Current distribution= $250,000

Q: Answer..

A: The objective of the question is to prepare the journal entries for the transactions related to the…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.