Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Chapter 16, Problem 20P
Winona Company began 2019 with 10,000 shares of $10 par common stock and 2,000 shares of 9.4%, $100 par, convertible
Required:
- 1. Prepare supporting calculations for Winona and compute its:
- a. basic earnings per share
- b. diluted earnings per share
- 2. Show how Winona would report the earnings per share on its 2019 income statement. Include an accompanying note to the financial statements.
- 3. Next Level Assume Winona uses IFRS. Discuss what Winona would do differently for computing earnings per share, and then repeat Requirement 1 under IFRS.
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Chapter 16 Solutions
Intermediate Accounting: Reporting And Analysis
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Earnings per share (EPS), basic and diluted; Author: Bionic Turtle;https://www.youtube.com/watch?v=i2IJTpvZmH4;License: Standard Youtube License