On June 1, 2023, Novak Company and Splish Company merged to form Blossom inc. A total of 877,000 shares were issued to complete the merger. The new corporation reports of On April 1, 2025, the company issued an additional 652,000 shares of stock for cash. All 1,529,000 shares were outstanding on December 31, 2025 Blossom Inc. also issued $600.000 of 20-year, 8% convertible bonds at par on July 1, 2025. Each $1,000 bond converts to 44 shares of common at any interest date None of the bonds have been converted to date. Blossom Inc. is preparing its annual report for the focal year ending December 31, 2025. The annual report will show earnings per share figures based upon a reported after-tax pet income of $1.444.000 (The tax rate is 20%) Determine the following for 2025 a. The number of shares to be used for calculating: Round answers to O decimal places 2.500) 1. 2. Basic earrings per share shares shares The earnings figures to be used for calculating Round answers to 0 decimal places, ea 2.500) 1. Basic earnings per share 2 Diuted earnings per share endar-year basis

A: A special purpose entity is a legally separate enterprise that bears liability to an organization.…

A: Approach to solving the question: Detailed explanation: Examples: Key references:

A: FOK (Fill or Kill Order): This type of order allows being executed immediately at the specified…

A: Solution: Interest amount is computed using formula = Principal * Interest rate * time Where time is…

A: A. Total tax charged to the customer per small package = 6% x $45 = $2.70Overall charge per small…

A: Child Tax Credit is $3,600 for children aged 6 and Under at end of 2021 Child Tax Credit is $3,000…

A: GRI Standards is one of the modular system that is being used. It contains three series of standards…

A: As posted multiple sub parts questions we are answering only first three sub parts kindly repost the…

A: Revenue: We consider unit sales and price per unit to determine total revenue.Variable Costs: Based…

A: Net Present Value is used to evaluate the investment and financing decisions that involve cash flows…

A: Face value of bonds outstanding on December 31, 2020 = Total Beginning Balance of Bonds Payable -…

A:

A: Traditional Model & Expected Cash Flow Model: Traditional Approach - In the traditional…

A: IFRS or International Financial Reporting Standards are the guidelines of accounting given by the…

A: The S corporation is a corporation that chooses to pass all income, losses, deductions, and all…

A: Stock price is $50 Strike price is $52 Risk free rate is 1% Time period is 3 months To Find: Value…

A: Interest accrued on June 30 = Face value of note x rate of interest  x No. of months /12 = $90,000 x…

A: The deductible business expenses are the expenses which are incurred for business. If the expenses…

A: y= 4x + 180 y= 8x   To solve above equations to find the value of x and y

A: Given, Maturity =10 Years Market interest rate: 6% Stated interest rate = 5%   Price of the bond is…

A: Section 1250 of the United States Internal Revenue Code is a rule wherein IRS will tax a gain from…

A: Most of the credit card companies compute their finance charges based on average daily balance.…

A:

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

A: