Answer:
$70,000
Explanation:
In this question, we are asked to calculate the amount credited to common stock warrants at issuance of the preferred stock.
A mathematical approach is needed to compute this.
Mathematically the amount credited to common stock warrants at issuance is calculated by multiplying the selling price of a warrant by the number of warrants.
The selling price of a warrant according to the question is $7. The number of shares issued is 10,000.
The amount credited to common stock warrants at issuance = $7 * 10,000 = $70,000
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Answer:
The diluted EPS for the current year is $1 per share.
Explanation:
Diluted EPS is a measure to calculate the earnings per share of a company taking into account the scenario that all the options and securities that are covertible into common stock are exercised and converted.
If the bonds are converted into common shares, the interest on bond, which is deductible before tax and calculation of net income, will be added to the net income and will be adjusted for cash as there will be no debt and no interest on debt. Instead this will be a part of normal earnings of the company.
The formula for Diluted EPS is,
Diluted EPS = Net Income adjusted for interest after tax / New number of weighted average of common shares outstanding
The interest on debt was = 1000000 * 0.05 = 50000
The after tax interest is = 50000 * (1-0.25) = $37500
The new net income = 212500 + 37500 = $250000
The new number of common shares = 100000 + 150000 = 250000 shares
Diluted EPS = $250000 / 250000 shares = $1 per share.
Answer:
=28%
Explanation:
Kara total income is the aggregate of her total spending. Her total income is rent $278 + Food $222, + fun $167, + $333= $1000.
Kara expenditure on rent is $278
As a percentage of her total income = rent/ total income x 100
=$278/$1000 x 100
=0.278 x 100
=27.8%
=28%
Answer:
b. Immediately following income from continuing operations on the income statement
Explanation:
Gains are losses from discontinued operations must be reported in the company's income statement. Discontinued operations are not reported in the balance sheet.
The net of tax gain or loss from discontinued operations should be reported immediately after the operating income (loss).
