What is the number of shares to be used in computing diluted earnings per share for the yea
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Four years ago, Wade Corporation granted incentive stock options to purchase 28,000 of its common shares at $7 each. The options are exercisable beginning this year. The market price of common shares averaged $10 per share during the year. There was no change in the 250,000 shares of outstanding common stock during the year. What is the number of shares to be used in computing diluted earnings per share for the year?
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- An investor purchased 200 shares of a stock at $60/share on January 1, 2012, then sold 100 shares for $63 on December 31, 2012, and kept the remaining 100 shares through the end of 2014. The stock traded for $80 at the end of 2013, and for $75 at the end of 2014, and paid an annual dividend of $2.00/share on December 30 of each of the three years it was held. What was the investor's dollar-weighted return? O 14.0% 48.2% O 10.2 12.6%Ahnberg Corporation had 520,000 shares of common stock issued and outstanding at January 1. No common shares were issued during the year, but on January 1, Ahnberg issued 140,000 shares of convertible preferred stock. The preferred shares are convertible into 280,000 shares of common stock. During the year Ahnberg paid $84,000 cash dividends on the preferred stock. Net income was $760,000. What were Ahnberg's basic and diluted earnings per share for the year?Lark had net income for 2024 of $106,000. Lark had 35.000 shares of common stock outstanding at the beginning of the year and 43,000 shares of common stock outstanding at the end of the year. There were 7,000 shares of preferred stock outstanding all year. During 2024, Lark declared and paid preferred dividends of $30,000. On December 31, 2024, the market price of Lark's common stock is $28 per share and the market price of its preferred stock is $60 per share. What is Lark's pricelearnings ratio at December 31, 2024? (Round any intermediate calculations and your final answer to two decimal places) OA. 103 OB. 11.36 OC. 14.36 OD. 30.77 CED
- Knight Company, a calendar-year firm with 100,000 shares of common stock outstanding at the start of the year, declares a three-for-one stock split halfway through the year. The next day, Knight issues 200,000 new shares in conjunction with the acquisition of a new plant. What is the number of shares that should be used in computing basic earnings per share for the year? Inclusive Dates January - June July - December Actual Shares Retroactive Restatement for Stock Dividend Equivalent Shares Months Outstanding or Stock Split Outstanding Outstanding 3 ✔ 0✔ 100,000 ✓ 900,000 * 300,000 ✓ 200,000 * The number of shares for the basic EPS calculation is 0 6 ✔ 6 ✔ x. Weighted Avg. Shares Outstanding 150,000 ✓ 100,000 x 500,000 XThe ABC Corporation received subscription for 9,000 ordinary shares at P40/share, where P35 is the par value and received 40% downpayment. A month after 3,600 of said shares were in full while the rest paid an additional P20/share. By the end of the year, 500 of said subscribers were not able to pay and were declared as delinquent. How much would be debited as Receivable from highest bidder?Sandhill Tire Co. just paid an annual dividend of $1.20 on its common shares. If Sandhill is expected to increase its annual dividend by 2.10 percent per year into the foreseeable future and the current price of Sandhill’s common shares is $14.59, what is the cost of common stock for Sandhill?
- Blossom Corp. had $670,000 net income in 2025. On January 1, 2025, there were 180,000 shares of common stock outstanding. On April 1, 18,800 shares were issued and on September 1, Blossom bought 35,400 shares of treasury stock. There are 28,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2025. The tax rate is 40%. In 2025, there were 44,000 shares of convertible preferred stock outstanding. The preferred is $100 par, pays an annual dividend of $3.50 per share, and is convertible into three shares of common stock. Blossom issued $1,800,000 of 8% convertible bonds at face value during 2024. Each $1,000 bond is convertible into 30 shares of common stock. Complete the schedule and compute diluted earnings per share for 2025. (Round EPS answers to 2 decimal places, e.g. 52.75 and other answers to O decimal places, e.g. 5241. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses…The Jennings Group reacquired 2 million of its shares at $70 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $71 per share. By what amount will Jennings’ retained earnings decline if it now sells the remaining 1 million treasury shares at $67 per share?Zion has 165 shares of company LMN stock. LMN issued dividend payments every quarter that totaled $1.71 per share for the entire year. The current price for LMN stock is $34.56 per share. What is the current dividend yield for LMN stock? Round your answer to the hundredth of a percent. Input just the number. Do not input the percent sign. Do not use a comma. Example: 3.27
- Anderson Steel Company began 2018 with 600,000 shares of common stock outstanding. On March 31, 2018,100,000 new shares were sold at a price of $45 per share. The market price has risen steadily since that time toa high of $50 per share at December 31. No other changes in shares occurred during 2018, and no securities areoutstanding that can become common stock. However, there are two agreements with officers of the company forfuture issuance of common stock. Both agreements relate to compensation arrangements reached in 2017. Thefirst agreement grants to the company president a right to 10,000 shares of stock each year the closing market priceis at least $48. The agreement begins in 2019 and expires in 2022. The second agreement grants to the controller aright to 15,000 shares of stock if she is still with the firm at the end of 2026. Net income for 2018 was $2,000,000.Required:Compute Anderson Steel Company’s basic and diluted EPS for the year ended December 31, 2018.Purple Cab Company had 60,000 shares of common stock outstanding on January 1, 2024. On April 1, 2024, the company issued 30,000 shares of common stock. The company had outstanding fully vested incentive stock options for 6,000 shares exercisable at $11 that had not been exercised by its executives. The average market price of common stock was $13. The company reported net income in the amount of $279,915 for 2024. What is the basic earnings per share (rounded)? Multiple Choice $4.67 $3.11 $292 $3.39Anderson Steel Company began 2021 with 500,000 shares of common stock outstanding. On March 31, 2021, 160,000 new shares were sold at a price of $70 per share. The market price has risen steadily since that time to a high of $75 per share at December 31. No other changes in shares occurred during 2021, and no securities are outstanding that can become common stock. However, there are two agreements with officers of the company for future issuance of common stock. Both agreements relate to compensation arrangements reached in 2020. The first agreement grants to the company president a right to 32,000 shares of stock each year the closing market price is at least $73. The agreement begins in 2022 and expires in 2025. The second agreement grants to the controller a right to 37,000 shares of stock if she is still with the firm at the end of 2029. Net income for 2021 was $4,200,000. Required: Compute Anderson Steel Company's basic and diluted earnings per share for the year ended December…