Solution:
a-1) Calculation of the number of shares used for calculating Basic Earning per share
No. of shares period
752000 3/12 188000
1314000 9/12 985500
Weighted average No of shares outstanding 1173500
a-2) Calculation of the number of shares used for calculating Diluted Earning per share
No. of shares period
752000 3/12 188000 1314000 3/12 328500 with Bonds 1340400 6/12 670200
Weighted average No of shares outstanding 1186700
Each bonds to per converted into 44 common stock
i.e. 600 Bonds *44 common=26400 Potential equity shares
b-1) Calculation of earning figures to be used for calculating Basic Earning per share
After Tax net Income will be earnings = $1614000
b-2) Calculation of earning figures to be used for calculating Diluted Earning per share
After tax net Income 1614000
Interest for the 2017 =600000*7*6/12 21000
Tax effect on Interest @40% 8400 12600 1626600
Earnings = 1626600
Answer:
b. No journal entry is required
Explanation:
Given that
Estimated percentage of losing = 40%
Estimated amount = $800,000
By considering the above information, we concluded that
As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.
Therefore in the given case, the correct option is b.
Answer:
I would say B would be the best answer.
Explanation:
You shouldn't try to push it onto yourself to fix, the owner/manager to fix the problem!
Answer:
A tract of land used for raising crops or livestockcan be called a field or a farm.
Suppose the government increases spending on public education by $700 million and individual spending on private education drops by $500 million. this is an example of incomplete crowding out.
<h3>What occurs when government spending rises?</h3>
- Greater government spending, according to Keynesian economics, improves aggregate demand and consumption, which results in increased production and a quicker exit from recessions.
- Long-term economic growth is lowered when the size of government is steadily increased.
- Spending by the government distorts incentives, lowering output and efficiency.
- These assertions are supported by academic research and supported by relevant economic statistics.
To learn more about recession, refer to the following link:
brainly.com/question/1417711
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