Answer: $4.34
Explanation:
The net income for diluted earnings per share will be calculated as:
Net income: $2,500,000
Less: preferred dividend: $300,000
= $2,200,000
To calculate the number of shares goes thus:
Total shares of stock options = 10,000 × 20 = 200,000 shares
Proceeds = 200,000 × $29
= $580,000
Shares of treasury stock will be:
= $580,000/$30
= 193,333 shares
Net shares added will be:
= 200000 - 193333
= 6667
Tge total shares for the diluted earnings per share will now be:
= 500,000 + 6667
= 506,667
The diluted earnings per share:
= $2,200,000/506667
= $4.34
The answer to this question is Transformational
leaders.
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inspire the members to do their best and be motivated always.</span>
Answer:
i dont know sorry for dis but i dont know wat else to do
Answer and Explanation:
Data provided
Depreciation = $185 million
The Journal entry is shown below:-
Depreciation expense $185 million
To Accumulated depreciation $185 million
(Being depreciation expenses is recorded)
Here we debited depreciation expense as expenses are increasing whereas we credited the accumulated depreciation as the assets decreasing.
