10:48 AT&TN N 5GE ul iTry bartleby tutotodayelp whenever you need from onlineIICheck my workC Sign In or Sign Up | Chegg.nonconvertible preferred stock; treasury shares; shares19-5,19-6, 19-7, 19-8, 19-9]Syllabus & Schedule - 2020O Connect8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fnewcon 0 *ares of common stock and 3 million shares of 9%, $100 par valueMarch 1, 2021, Berclair purchased 24 million shares of its commontock dividend on July 1, 2021. Four million treasury shares were sold on2021, was $850 million. The income tax rate is 25%.HelpSave & ExitSubmitChapter 19 Homework 1panesCheck my workoptions granted to key executives on September 13, 2016. The optionscommon shares at an exercise price of $56 per share. During 2021,er sharelion common shares, were issued at face value.4.Exercise 19-19 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; sharessold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9]for the year ended December 31, 2021. (Enter your answers innot round intermediate calculetions.)On December 31, 2020, Berclair Inc. had 520 million shares of common stock and 3 million shares of 9%, $100 par valuecumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its commonstock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold onOctober 1. Net income for the year ended December 31, 2021, was $850 million. The income tax rate is 25%.Earnings per SharepaddAlso outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The optionsare exercisabie as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021,the market price of the common shares averaged $70 per share.In 2017, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value.Required:Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers inmillions (i.e., 10,000,000 should be entered as 10). Do not round intermediate calculations.)saNextNumeratorDenominatorEarnings per ShareBasic%3DDiluted

Earnings per share (EPS) refers to when company's profit is divided by its outstanding shares of ts common stock. It helps in determining the profitability of a company, the higher the EPS, the more profitable a company is in terms of its financial stability. Earning Per Share = NumeratorDenominator Basic =864526=$1.64 per share Dilute=867538=$1.61 per share Workinh notes: Basic EPS= net income - preference dividendWeighted average number of common shares outstanding where, Weighted average number of common shares outstanding = 520 × 1212 × 1.05 - 24× 1012 ×1.05 + 4 × 312 = 546 - 21 + 1 = 526 million shares so, Basic EPS= ( 850 - 3 × 100 × 9 % ) 526 = $ 1.56 per share And, Dilutive EPS Exercisable securities :- Use of treasury stock if dilutive The securities are dilutive since the exercise price of $ 56 is less than the average market price of $70 Assuming exercise date to be 1/1/17 Proceeds recived on exercise = 30 × 56 = 1680 million Shares repurchased = 168070 = 24 million Net increase in shares outstanding = 30 - 24 = 6 million EPS with inclusion of options = 864526+6 = $ 1.62 ( this will be used to test the dilutive effect of convertible bonds Convertible bonds :- using the " IF converted" method Interest not paid net of tax = 50× 8% ×75 % = $ 3 million Additional shares on conversion = 6 million Conversion ratio = 36 =0.50 Dilutive because 0.50 is less than 1.56 Dilutive EPS =864 + 3526+6+6= $ 1.61 per share

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ck; treasury shares; shares shares of 9%. $100 par value milion shares of its common illion treasury shares were sold or tax rate is 25% September 13, 2016. The options of $56 per share. During 2021, face value. 021. (Enter your answers in

ck; treasury shares; shares shares of 9%. $100 par value milion shares of its common illion treasury shares were sold or tax rate is 25% September 13, 2016. The options of $56 per share. During 2021, face value. 021. (Enter your answers in

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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U the common shares is $165 each and market price of the preferred is $230 each. (Round to nearest dollar.) b. Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $170 per share. E14.6 (LO 1, 2) (Stock Issuances and Repurchase) Lindsey Hunter Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2025, Lindsey Hunter took part in the following selected transactions. a. Issued 5,000 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,000. b. Issued 1,000 shares of stock for land appraised at $50,000. The stock was actively traded on a national stock exchange at approximately $46 per share on the date of issuance. c. Purchased 500 shares of treasury stock at $43 per share. The treasury shares purchased were issued in 2021 at $40 per share. d. Retired the treasury shares purchased in part (c). Instructions Prepare the journal entries to record these…
Rayleigh & Co. Partial Balance Sheet as at 31st December 2021 RM Common Share (RM2) RM50,000,000 Paid In Capital RM25,000,000 Retained Earning RM41,250,000 Total Net Worth RM116,250,000 The company decides to announce the 25% bonus issue to its shareholders. The shares are currently trading at RM2.50. After the bonus issue occurs, calculate the number of stock dívidends.
A7 please help.......
See image. CHOICES:a. P905,000 b. P895,000 c. P915,000 d. P900,000
A2 please help......
Answer no. 4 to 6
3. Akea Corp., reports this journal entry on May 15, 2020: Cash 75,000 Ordinary Share Capital 63,000 Paid in Capital in Excess of Par 12,000 The explanation reads. “Issued ordinary share capital for P50 per share”. Compute the no. of shares issued for this transaction?
Answer both the requirement with all working,,,,answer in text form please (without image)
Ma1. 6. prepare the stock activity of backdrop corporation during the year 2021 as a journal entry. sold 2500 shares of treasury stock for $6.25 per share
A
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