Essay
Earnings Per Share ComputationsJones, Inc. has net income (30% tax rate) of $1,400,000 for 2015, and an average number of shares outstanding during the year of 500,000 shares. The corporation issued $2,000,000 par value of 10-year, 9% convertible bonds on January 1, 2013 at a $180,000 discount. The convertible bonds are convertible into 70,000 shares of common stock. Assume the company uses the straight-line method for amortizing bond discount.
InstructionsCompute the earnings per share data, excluding any notes if required.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: Lower of Cost or MarketPresented below is
Q43: Installment Sales Method.Garber, Inc. accounts for all
Q44: Which of the following items represents a
Q45: Reversing entries are most commonly used in
Q46: Problem D-III — Stock Dividends and Stock
Q48: Use the following data for questions 10
Q49: Problem D-I — Treasury Stock<br>The stockholders' equity
Q50: Pensions.Presented below is information related to
Q51: Wade Company estimates the cost of
Q52: Which of the following methods of accounting