<span>The complete question includes these choices: A) Grants
B) 529 Plans
C) Federal student loans
D) Scholarships The correct answer is C) Federal Student Loans. Grants and Scholarship do not require payback at all, as they are given to the chosen ones for shown/deserving merit; 529 plans are a program involving tax deduction (with flexible time schedule, as well as not being technically called college loans).</span>
Answer:
The basic and diluted earnings per share for the year ended December 31, 2018 are $ 0.24 / Share and $8.89
/share respectively.
Explanation:
BASIC EPS CALCULATION
The preferred dividend = 30 million x $ 2/share
= 60 Million
Basic EPS = ( Net income - preferred dividends ) / weighted average common shares
= ($840 million - $ 60 Million ) / 100 million
= $ 0.24 / Share
DILUTED EPS CALCULATION
After-tax bond interest expense = $ 2.200 million x 10%
= $ 220 Million
$ 220 Million x (100 + 40%) = $ 308 Million after-tax interest expense.
Shares assume converted to common
Common Shares = 100 Million
Preferred stock = 40 Million
Convertible bonds = 17.0 Million
Total = 157 Million shares outstanding
Diluted EPS = ( $ 840 Million - $60 Million + $308 Million+ $ 66 Million ) / 157 million
= $8.89
/share
Therefore, The basic and diluted earnings per share for the year ended December 31, 2018 are $ 0.24 / Share and $8.89
/share respectively.
My mom actually has her accountant degree but she quit after a few years and got a different degree. any ways here you go!
An accountant can advise on business structure.
An accountant can issue invoices.
An accountant can record sales.
An accountant can manage and pay invoices from suppliers.
An accountant can manage payroll.
An accountant can keep you up to date with tax laws and changes.
This will ultimately depend on the bank, but no matter what it is important to look at fees, locations, services, and interest rates when considering your next bank.
Sales returns and allowances are reported on the <u>Income Statement</u>.
<h3>What is the income statement?</h3>
The income statement is a financial statement wherein the sales revenue and cost of goods sold and operating expenses are summarized in order to obtain the net income.
When reporting the sales returns and allowances on the income statement, they are subtracted from the gross sales to arrive at the net sales.
Thus, sales returns and allowances are reported on the <u>Income Statement</u>.
Learn more about the income statement at brainly.com/question/24498019
