Bonita Corporation earned $405,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,900 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. Compute basic earnings per share Compute diluted earnings per share.

If Norben Company issues 4,000 shares of $5 par value common stock for $140,000, the account Common Stock will be credited for $140,000. Paid-in Capital in Excess of Par Value will be credited for $20,000. Paid-in Capital in Excess of Par Value will be credited for $120,000. Cash will be debited for $120,000.

Enscoe Enterprises, Incorporated (EEI) has 240,000 shares authorized, 210,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $1,530,000 of assets. $200,000 liabilities, $460,000 of common stock, and $870,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. Requireda. Determine the number of shares of stock that is outstanding.b. Determine the book value per share.c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEI's common stock.

Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common stock outstanding during the year and issued 4,300 shares of $100 par value preferred stock. The preferred stock has a dividend of $8 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places.