Intermediate Accounting, Binder Ready Version
16th Edition
ISBN: 9781118742976
Author: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Publisher: WILEY
expand_more
expand_more
format_list_bulleted
Question
Chapter 16, Problem 15BE
To determine
Earnings per share: Earnings per share (EPS) indicates the income earned per share of common stock. EPS is calculated as Basic EPS and Diluted EPS.
The income for EPS is calculated by subtracting the preference dividends. The income is divided by weighted-average common shares outstanding. This is Basic EPS. Basic EPS does not consider the dilutive effects of convertible long-term debts. Diluted EPS is based on the assumption that for all convertible securities like
To compute: To compute diluted earnings per share.
Given Information: Net income: $300,000.
Common shares: 200,000.
Options: 45,000.
Price: $10 per share.
Average market price: $15.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Hello tutor solve this question
Riverstone Publishers Inc. collects 80% of its sales on account in the month of the sale and 20% in the month following the sale. If sales on account are budgeted to be $450,000 for June and $380,000 for July, what are the budgeted cash receipts from sales on account for July?
Need help this question
Chapter 16 Solutions
Intermediate Accounting, Binder Ready Version
Ch. 16 - Prob. 1QCh. 16 - 2. Briefly explain why corporations issue...Ch. 16 - 3. Discuss the similarities and the differences...Ch. 16 - 4. Bridgewater Corp. offered holders of its 1,000...Ch. 16 - 5. Explain how the conversion feature of...Ch. 16 - Prob. 6QCh. 16 - Prob. 7QCh. 16 - Prob. 8QCh. 16 - Prob. 9QCh. 16 - Prob. 10Q
Ch. 16 - Prob. 11QCh. 16 - Prob. 12QCh. 16 - Prob. 13QCh. 16 - Prob. 14QCh. 16 - Prob. 15QCh. 16 - Prob. 16QCh. 16 - Prob. 17QCh. 16 - Prob. 18QCh. 16 - Prob. 19QCh. 16 - Prob. 20QCh. 16 - 21. Explain how convertible securities are...Ch. 16 - Prob. 22QCh. 16 - Prob. 23QCh. 16 - Prob. 24QCh. 16 - Prob. 25QCh. 16 - Prob. 26QCh. 16 - Prob. 1BECh. 16 - Prob. 2BECh. 16 - Prob. 3BECh. 16 - Prob. 4BECh. 16 - Prob. 5BECh. 16 - Prob. 6BECh. 16 - Prob. 7BECh. 16 - Prob. 8BECh. 16 - Prob. 9BECh. 16 - Prob. 10BECh. 16 - Prob. 11BECh. 16 - Prob. 12BECh. 16 - Prob. 13BECh. 16 - Prob. 14BECh. 16 - Prob. 15BECh. 16 - Prob. 16BECh. 16 - Prob. 1ECh. 16 - Prob. 2ECh. 16 - Prob. 3ECh. 16 - Prob. 4ECh. 16 - Prob. 5ECh. 16 - Prob. 6ECh. 16 - Prob. 7ECh. 16 - Prob. 8ECh. 16 - Prob. 9ECh. 16 - Prob. 10ECh. 16 - Prob. 11ECh. 16 - Prob. 12ECh. 16 - Prob. 13ECh. 16 - Prob. 14ECh. 16 - Prob. 15ECh. 16 - Prob. 16ECh. 16 - Prob. 17ECh. 16 - Prob. 18ECh. 16 - Prob. 19ECh. 16 - Prob. 20ECh. 16 - Prob. 21ECh. 16 - Prob. 22ECh. 16 - Prob. 23ECh. 16 - Prob. 24ECh. 16 - Prob. 25ECh. 16 - Prob. 26ECh. 16 - Prob. 27ECh. 16 - Prob. 28ECh. 16 - Prob. 29ECh. 16 - Prob. 30ECh. 16 - Prob. 1PCh. 16 - Prob. 2PCh. 16 - Prob. 3PCh. 16 - Prob. 4PCh. 16 - Prob. 5PCh. 16 - Prob. 6PCh. 16 - Prob. 7PCh. 16 - P16-8 (LOS) (Computation of Basic and Diluted EPS)...Ch. 16 - Prob. 9PCh. 16 - Prob. 1CACh. 16 - Prob. 2CACh. 16 - Prob. 3CACh. 16 - Prob. 4CACh. 16 - Prob. 5CACh. 16 - Prob. 6CACh. 16 - Prob. 1UJCh. 16 - Comparative Analysis Case
The Coca-Cola Company...Ch. 16 - Prob. 3UJCh. 16 - Accounting, Analysis, and Principles
On January 1,...Ch. 16 - Prob. 1CECh. 16 - Prob. 2CECh. 16 - Prob. 3CECh. 16 - Prob. 4CECh. 16 - Prob. 1CRCCh. 16 - Prob. 1ISTCh. 16 - Prob. 2ISTCh. 16 - Prob. 3ISTCh. 16 - Prob. 4ISTCh. 16 - Prob. 5ISTCh. 16 - Prob. 1ICACh. 16 - Prob. 2ICACh. 16 - Prob. 3ICACh. 16 - Prob. 4ICACh. 16 - Prob. 5ICACh. 16 - Prob. 6ICACh. 16 - Prob. 7ICACh. 16 - Prob. 8ICACh. 16 - Prob. 9ICACh. 16 - Prob. 10ICACh. 16 - Prob. 11ICACh. 16 - Prob. 12ICACh. 16 - Prob. 13ICACh. 16 - Prob. 14ICACh. 16 - Prob. 15ICA
Knowledge Booster
Similar questions
- Subject: financial accountingarrow_forwardHudson Textiles computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year, it was estimated that 18,000 direct labor hours would be required for the period's estimated level of production. The company also estimated $88,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3 per direct labor hour. Hudson's actual manufacturing overhead for the year was $140,600 and its actual total direct labor was 19,000 hours. Compute the company's predetermined overhead rate for the year.arrow_forwardPlease help me solve this financial accounting problemarrow_forward
- Suppose the required reserve ratio is 0.20 and individuals hold no cash. Total bank deposits are $150 million, and the banks hold $40 million in reserves. How much more money can the bank create if it does not hold excess reserves? Want Answerarrow_forwardWhat is the company's sales in receivable?arrow_forwardDon't use ai given answer financial accounting questionarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSON
Intermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill Education
Financial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education