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iris [78.8K]
3 years ago
5

Marsh Co. had 2,400,000 shares of common stock outstanding on January 1 and December 31, 2015. In connection with the acquisitio

n of a subsidiary company in June 2014, Marsh is required to issue 100,000 additional shares of its common stock on July 1, 2016, to the former owners of the subsidiary. Marsh paid $100,000 in preferred stock dividends in 2015, and reported net income of $1,700,000 for the year. Marsh's diluted earnings per share for 2015 should be
Business
1 answer:
Vilka [71]3 years ago
6 0

Answer:

Marsh's diluted earnings per share for 2015 should be $0.64

Explanation:

Marsh's diluted earnings per share for 2015

= $1,700,000 - $100,000 / 2,400,000 + 100,000

= $1,600,000 / 2,500,000

= $0.64

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Answer: $1268.20

Explanation:

value of the bond today = Present value of coupon (interest) payments + present value of principal = 120[PVOAIF8%, 10] + 1000[PVIF8%, 10] =1,268

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4 years ago
The concept that consists of the distinct phases that a family progresses through from formation to retirement, each phase bring
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Explanation:

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3 years ago
Give the entry to record the honoring of 500 warranty contracts in january at an average cost of $20.
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3 years ago
Hours of labor or number of workers are common ways of measuring a company's _________?
vovangra [49]

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productivity

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4 0
3 years ago
Unearned Sales Revenue Brand Landscaping offers a promotion where a customer's lawn will be mowed 20 times if the customer pays
nikitadnepr [17]

Answer:

1.   Cash                                               $700 Dr

         Unearned Service Revenue           $700 Cr

2.   Unearned Service revenue          $35 Dr

           Service Revenue                            $35 Cr

Explanation:

1. When the payment is received in advance, the cash is received so it will be debited as cash is increasing. The service has not been provided so it is a liability of the company and the unearned service revenue will be credited as liability is increasing.

2. The cash received in advance $700 is for the service that is to be provided 20 times.

When the service is provided one time, the revenue for this has been earned so it will be recorded as a decrease to liability and an increase to revenue. So unearned service revenue will be debited and service revenue will be credited.

The revenue from one time service providing is = 700 / 20 = $35

6 0
3 years ago
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