On january 2, 2016, sarah lawrence co. issued at face value $10,000 4% bonds convertible in total into 2,000 shares of lawrence’s common stock. no bonds were converted during 2016. throughout 2016, lawrence had 10,000 shares of common stock outstanding. lawrence’s 2016 net income was $2,000. the income tax rate id 40%. no potential common shares other than the convertible bonds were outstanding during 2016. diluted earnings per share for 2016 would be:
a) $.20
b) $.19
c) $.17
d) $.15

How do primary and secondary industries differ

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

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