Business, 29.02.2020 04:58 carrot123

"The information below pertains to Barkley Company for 2021.Net income for the year $1,200,0007% convertible bonds issued at par ($1,000 per bond); each bond is convertible into30 shares of common stock 2,000,0006% convertible, cumulative preferred stock, $100 par value; each share is convertibleinto 3 shares of common stock 4,000,000Common stock, $10 par value 6,000,000Tax rate for 2021 20%Average market price of common stock $25 per shareThere were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 75,000 shares of common stock at $20 per share."Instructions

(a) Compute basic earnings per share for 2015. (b) Compute diluted earnings per share for 2015.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 17:50

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Answers: 2

Answer

Business, 22.06.2019 22:10

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.

Answers: 1

Answer

Business, 22.06.2019 23:40

When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.

Answers: 2

Answer

Business, 23.06.2019 01:40

During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c

Answers: 3

Answer

You know the right answer?

"The information below pertains to Barkley Company for 2021.Net income for the year $1,200,0007% con...

Questions