At December 31, 2021, the financial statements of Hollingsworth Industries included the following: Net income for 2021 $ 630 million Bonds payable, 8%, convertible into 51 million shares of common stock $ 200 million Common stock: Shares outstanding on January 1 300 million Treasury shares purchased for cash on September 1 30 million Additional data: The bonds payable were issued at par in 2019. The tax rate for 2021 was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2021.
Answers: 1
Another question on Business
Business, 21.06.2019 15:30
Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is
Answers: 2
Business, 22.06.2019 03:00
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 1
Business, 22.06.2019 20:30
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
Business, 22.06.2019 21:30
China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.
Answers: 3
You know the right answer?
At December 31, 2021, the financial statements of Hollingsworth Industries included the following: N...
Questions
History, 24.10.2019 03:50
Mathematics, 24.10.2019 03:50
History, 24.10.2019 03:50
Mathematics, 24.10.2019 03:50
Mathematics, 24.10.2019 03:50
Mathematics, 24.10.2019 03:50
Mathematics, 24.10.2019 03:50
Mathematics, 24.10.2019 03:50
Mathematics, 24.10.2019 03:50
