The information below pertains to Windsor Company for 2026. Net income for the year 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock Common stock, $10 par value Tax rate for 2026 Average market price of common stock 4 $1,210,00 1,970,00 4,200,00 5,820,00 20% $25 per shar There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 71,800 shares of common stock at

The information below pertains to TV Johnny Company for Year 11:   Net income for the year                                                                      $1,200,000 7% convertible bonds issued at par ($1,000 bond);     each bond convertible into 30 shares of common stock                   2,000,000 6% convertible, cumulative preferred stock, $100 par value;     each share convertible into 3 shares of common stock                    4,000,000 Common stock, $10 par value                                                              6,000,000 Income tax rate for Year 11                                                                        20% Average market price of common stock during Year 11                   $25 per share Market price of common stock on December 31, Year 11                $30 per share   There were no changes during Year 11 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common…

Jones Corporation’s capital structure follows.   December 31   2020 Outstanding shares of stock          Common stock, outstanding shares   110,000      Convertible preferred stock, outstanding shares     10,000 8% Convertible bonds    $1,000,000   During 2020, Jones declared and paid dividends of $3.00 per share on its preferred stock. The preferred shares are convertible into 20,000 shares of common stock. The 8% bonds are convertible into 30,000 shares of common stock. Net income for 2020 is $850,000. Assume that the income tax rate is 25%.     a) Compute basic EPS for 2020.   b) Compute diluted EPS for 2020.   c) Prepare the bottom of the company’s income statement in proper form, beginning with the net income.

Oriole Corporation issued $6600000 of 9%, ten-year convertible bonds on July 1, 2024 at 96.1 plus accrued interest. The bonds were dated April 1, 2024 with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2025, $1320000 of these bonds were converted into 600 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion. If Interest Payable was credited when the bonds were issued, what amount should be debited to Interest Expense on October 1, 2024? O $155100 O $297000 O $141900 O $148500

The table below shows a partial view of Webster Corporation's balancesheet. Webster CorporationBalance Sheet (partial)At December 31, 2021 Long-term debt Notes payable 10% $2,000,00010% convertible bonds payable 2,500,00012% convertible bonds payable 3,000,000Total long-term debt $7,500,000 Stockholders' equity 6% cumulative, convertiblepreferred stock, $100 par, 50,000shares outstanding.      5,000,000 Common stock, $1 par, 600,000shares outstanding.         600,000Additional paid-in capital 2,500,000 Retained earnings 8,500,000Total stockholders' equity $16,600,000 Notes and Assumptions December 31, 20211. Options were granted in December 2020 to purchase 25,000 shares of common stock at $25 per share. The average market price of common stock during 2021 was $35 per share. All options are still outstanding atthe end of 2021 2. Both the 10 percent and 12 percent convertible bonds were issued in2020 at face value. Each convertible bond is convertible into 50 shares of common stock.…

Rakesh

Problem: Earnings per Share. (Pls help and provide supporting computations)