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slavikrds [6]
2 years ago
5

g On January 2, 2019, Shank Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 60 shares.

No bonds were converted during 2019. Shank had 100,000 shares of common stock outstanding during 2019. Shank 's 2019 net income was $340,000 and the income tax rate was 30%. Shank's diluted earnings per share for 2019 would be (rounded to the nearest penny) Group of answer choices $3.04. $2.19. $3.26. $3.40. $2.29
Business
1 answer:
Softa [21]2 years ago
4 0

Answer:

$1.89.

Explanation:

diluted earnings per share = earnings attributable to common stockholder ÷ weighted average number of common stock holders

                                            = $340,000 ÷ (100,000 + 18,000)

                                            = $1.89

Shank's diluted earnings per share for 2019 would be $1.89.

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Answer:

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2 years ago
california, as a means to protect its environment, passes a law to ban a certain substance manufactured in kansas by xyz corpora
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The XYZ corporation may sue California for violating the dormant commerce clause. prohibits states from enacting legislation that significantly impedes interstate commerce.

<h3>What is interstate commerce?</h3>
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3 0
1 year ago
Xia Co. currently buys a component part for $5 per unit. Xia believes that making the part would require $2.25 per unit of direc
belka [17]

Answer:

Xia Co.

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Direct labor                   1.00

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Explanation:

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