Answer:
When they return, Ackley remains in Holden's room, telling them about a girl he had sex with, but Holden knows that he is lying, for whenever he tells that same story, the details always change. Holden tells him to leave so that he can write Stradlater's composition. He writes about his brother Allie's baseball mitt
Explanation:
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On december 31, 2020, merlin company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). on february 28, 2021, the preferred stock was convertible into 30,000 shares of common stock. merlin issued an additional 36,000 shares of common stock. a 10% stock dividend was declared and distributed on july 1, 2021. on september 1, 2021, 9,000 shares were retired. at year-end, there were fully vested incentive stock options outstanding for 30,000 shares of common stock (adjusted for the stock dividend). the exercise price was $18. the market price of the common stock averaged $20 during the year. also outstanding were $1,000,000 face amount of 10% convertible bonds issued in 2018 and convertible into 50,000 common shares (adjusted for the stock dividend). net income was $900,000. the tax rate for the year was 25%.
