During 2023, there were 31,200 call options to buy common shares at $40 a share outstanding; and there were 21,200, $7, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares. During 2022, the corporation had issued $1,950,000 of 9% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares. The corporation reported $810,000 net
On January 1, 2023, Concord Corp. had 212,000 common shares outstanding. On April 1, 2023, 21,200 common shares were issued and on September 1, 2023, Bernard bought back 31,200 treasury shares. The market price of the common shares averaged $50 during 2023. The corporation’s income tax rate is 40%.
During 2023, there were 31,200 call options to buy common shares at $40 a share outstanding; and there were 21,200, $7, no par value, cumulative and convertible preferred shares outstanding. Each
During 2022, the corporation had issued $1,950,000 of 9% convertible
The corporation reported $810,000 net income for calendar 2023.
Calculate diluted earnings per share for 2023. Complete the schedule below. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round earnings per share to 2 decimal places, e.g. 52.75.)
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Security
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Net Income
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Adjustment
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Adjusted
Net Income |
Shares
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Adjustment
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Adjusted Shares
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EPS
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Common shares
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$enter a dollar amount | $enter a dollar amount | $enter a dollar amount | enter a number of shares | enter a number of shares | enter a number of shares | $enter a dollar amount rounded to 2 decimal places | |||||||
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Options
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enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a number of shares | enter a number of shares | enter a number of shares | enter a dollar amount rounded to 2 decimal places | |||||||
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Preferred
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enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a number of shares | enter a number of shares | enter a number of shares | enter a dollar amount rounded to 2 decimal places | |||||||
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Bonds
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enter a dollar amount | enter a dollar amount | enter a dollar amount |
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