If income tax rate is 30%, how much is the diluted EPS for the year ended December 31 , 2020

Q: short-term debt should be presented

A: Adjusting events are events occurring after the balance sheet date, before the issue of financial…

Q: In 2018, Broyles, Inc. reacquired 3,000 shares of its common stock at $55 per share. In 2019,…

A: Treasury stock: Treaseury stock are the shares which are bought back by the company from the open…

Q: The following transactions took place during the year ended 31 December 2020: On 1 March 2020, a…

A: Stockholders' equity represents the shares of the company held in hands of the shareholders of the…

Q: At the beginning of 2019, Microbee Honey Corporation had 90,000 shares of $1.00 par value…

A: “Hey, since there are multiple questions posted, we will answer first three questions. If you want…

Q: At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of…

A: Diluted Earnings per Share = Adjusted Net income /Weighted Average Shares

Q: how much should ABC Company report as basic Earnings Per Share?

A: Formula: Ex- Right Price= Old Shares×Market Price+New Shares×Issue PriceOld Shares+ New Shares EPS=…

Q: Kimber Inc. reported net income of $177,500 during 2021.  At January 1, 2021 Kimber had 100,000…

A: EPS stands for earning per share. A company has two types of EPS i.e basic and diluted. Basic EPS is…