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Barron Company granted 8 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $3 per share on January 1, 2021, the grant date. When calculating diluted EPS at December 31, 2022, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averaged $4 per share during 2022?   A. 6 million B. 2.67 million C. 2 million D. 8 million

Niles Company granted 42 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. the common shares have a market price of 14 per share on january 1, 2017, the grant date of the restricted stock award. when calculating dilluted EPS at december 31,2018, what will be the net increase in the denominator of teh EPS fraction if the market price of teh common shares averaged 14 per share during 2018?

Isadore Bell Company granted 8 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $3 per share on January 1, 2021, the grant date. When calculating diluted EPS at December 31, 2022, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averaged $4 per share during 2022?

Niles Company granted 9 million of its no par common shares to executives, subject to forfeiture if employmentis terminated within three years. The common shares have a market price of $5 per share on January 1, 2017, thegrant date of the restricted stock award. When calculating diluted EPS at December 31, 2018, what will be thenet increase in the denominator of the EPS fraction if the market price of the common shares averaged $5 pershare during 2018?

Niles Company granted 9 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $5 per share on January 1, 2015, the grant date of the restricted stock award. When calculating diluted EPS at December 31, 2016, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averaged $5 per share during 2016?

A company earns a profit after tax of $150,000 for the year ending on 31 December 2020. The comparative figure for 2019 was $135,000. The company's issued share capital on 1 January 2019 consisted of 240,000 ordinary shares. A 1 for 4 bonus issue was made on 1 July 2020. There were no other share issues in either years. Basic EPS for 2020 and restated basic EPS for 2019 are: $0.556 and $0.50 $0.50 and $0.45 $0.50 and $0.5625 $0.556 and $0.5625

In 2021, a company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated value of the shares is P1. Also, during the year, some potential shareholders of the company subscribed for 800,000 of the same ordinary shares for P1.20 per share and made a 40% down-payment. What is the amount of the company's legal capital in 2021? In 2021, a company issued 6% bonds with a maturity value of P40,000, together with 1,000 shares of its P10 par value ordinary share, for a combined cash amount of P150,000. The market value of the company's share on that date cannot be ascertained. If the bonds were issued separately, they would have been sold for P35,000 on an 8% yield to maturity basis. Determine the increase in share premium as a result of this transaction.

In 2021, wow company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated value of the shares is P1. Also, during the year, some potential shareholders of the company subscribed for 800,000 of the same ordinary shares for P1.20 per share and made a 40% down-payment. What is the amount of the company’s legal capital in 2021?

You are buying   1000 shares of Facebook on January 1, 2021.  You paid $320 per share plus a brokerage commission of $84.   Calculations:   Date Debit Credit Db Cr                               b) You sell 150 shares of Facebook stock on 30 May, 2021 for $315 per share, less a $55 brokerage commission.   Calculations:   Date Debit Credit Db Cr                                 2.a)  Assume that on January 1, 2021, a six-month, 12% note receivable is acquired from a customer in settlement of an existing account receivable of $50000.      Date Debit Credit Db Cr                                     b) On July 1, 2021 (6 months after the date of the note), the note matures. Customer pays in cash   Calculations:   Date Debit Credit Db Cr

Dream Corporation reported net income of $44,000 for 2019. The company has 10,000 shares of common stock issued and outstanding for all of 2019 and no preferred stock. During 2018, Dream issued $400,000 of 8% convertible bonds at par value. Each $1,000 bond can be converted into 24 shares of common stock. No bonds have been converted as of December 31, 2019. Dream has a 30% tax rate. Required: 1. Calculate the earnings per share amounts that Dream should disclose on its 2019 income statement. If required, round your answer to two decimal places.

accenture company had made a net profit attributable to ordinary shareholders of 2,000,000 for the year ended December 31,2019.there are 100,000 ordinary shares outstanding during the entire year.since January 2019 there had been 800,000 of 5% convertible loan in issue. the terms of conversion for every 10,000 nominal amount are:June 30 2019 120 ordinary sharesJune 30, 2020 150, ordinary sharesJune 30,2021 140 ordinary sharesNo conversion has taken place during the current year. the interest on the convertible loan is allowable for a tax relief of 30%.REQUIRED:1. basic earnings per share 2. diluted earnings per share

E-On January 1, 2020, Orr Co. established a stock appreciation rights plan for its executives. They could receive cash at any time during the next four years equal to the difference between the market price of the common stock and a preestablished price of $16 on 600,000 SARs. The market price is as follows: 12/31/20—$21; 12/31/21—$18; 12/31/22—$19; 12/31/23—$23. On December 31, 2022, 95,000 SARs are exercised, and the remaining SARs are exercised on December 31, 2023. Instructions (a)   Prepare a schedule that shows the amount of compensation expense for each of the four years starting with 2020. (b)   Prepare the journal entry at 12/31/21 to record compensation expense. (c)        Prepare the journal entry at 12/31/23 to record the exercise of the remaining SARs

ABC SAOG has in issue 2,000,000 ordinary shares of OMR 0.500 fully paid. On 31st Dec 2018 management board has decided to pay a dividend of 100 baisa on each ordinary share which was readily approved by the shareholders. The date of payment was 10th March 2019. During the year the company earned a profit after tax of OMR 200,000. The company paid the amount of dividends for the ordinary shareholders for the year 2019. What will be the Net Retained earnings after the payment of dividend to shareholders assuming that the company had opening Retained earnings on 1st January 2018 of OMR 800,000? a. OMR 1,000,000 b. OMR 600,000 c. OMR 800,000 d. OMR 300,000 The amount of ordinary dividend to be distributed to the shareholder is a. OMR 200,000 b. OMR 1,000,000 c. OMR 700,000 d. OMR 400,000

Van Rushing Hunting Goods’ fiscal year ends on December 31. At the end of the 2021 fiscal year, the company had notes payable of $13.5 million due on February 8, 2022. Rushing sold 4.5 million shares of its $0.25 par, common stock on February 3, 2022, for $11.7 million. The proceeds from that sale along with $1.8 million from the maturation of some 3-month CDs were used to pay the notes payable on February 8. Through his attorney, one of Rushing’s construction workers notified management on January 5, 2022, that he planned to sue the company for $1 million related to a work-site injury on December 20, 2021. As of December 31, 2021, management had been unaware of the injury, but reached an agreement on February 23, 2022, to settle the matter by paying the employee’s medical bills of $80,000. Rushing’s financial statements were finalized on March 3, 2022. Required:1. What amount(s) if any, related to the situations described should Rushing report among current liabilities in its balance…

In 2019, Chirac Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Chirac had revenues of $17,500 and expenses other than interest and taxes of $8,400 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,000 shares of common stock were outstanding; none of the bonds was converted or redeemed. Instructions a.   Compute diluted earnings per share for 2020. b.   Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. c.   Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020.

In 2022, Farmington Corporation had 2,000 outstanding stock options, where employees could purchase shares of common stock at a discounted rate of $25 per share. The common stock currently has a market value of $40 per share. Farmington has total net income for 2022 of $500,000, a tax rate of 20%, and 600,000 outstanding shares of stock (outstanding the entire year). a) What is earnings per share (EPS) b) What is dilutive earnings per share (DEP)

Van Rushing Hunting Goods' fiscal year ends on December 31. At the end of the 2024 fiscal year, the company had notes payable of $12 million due on February 8, 2025. Rushing sold 2 million shares of its $0.25 par, common stock on February 3, 2025, for $9 million. The proceeds from that sale along with $3 million from the maturation of some 3-month CDs were used to pay the notes payable on February 8. Through his attorney, one of Rushing's construction workers notified management on January 5, 2025, that he planned to sue the company for $1 million related to a work-site injury on December 20, 2024. As of December 31, 2024, management had been unaware of the injury, but reached an agreement on February 23, 2025, to settle the matter by paying the employee's medical bills of $75,000. Rushing's financial statements were finalized on March 3, 2025 Required: 1. What amount(s) if any, related to the situations described should Rushing report among current liabilities in its balance sheet at…

First Link Services granted 5.8 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within five years. The common shares have a market price of $20 per share on the grant date of the restricted stock award. Ignoring taxes, what is the effect on earnings in the year after the shares are granted to executives?

To continue in no. 13 (it is in the picture), assume the following transactions took place during 2020: Jan.   10 - One-half of the subscriptions receivable were collected and certificates of stock issued for 1,000 shares. 20 - Remaining subscriptions were declared delinquent and the corresponding chares put up for public auction. Advertising paid, P5,500. 25 - A bidder for 300 shares paid the amount due plus accrued interest of P750 and the corresponding certificates were issued. 31 - A stockholder received 2,000 preferred shares with a market value of P200  Feb.  8 - 300 treasury shares were sold for P45,000 20 - A shareholder paid P70,000 for 500 common shares. 28 - 5,000 preferred shares were redeemed at a price of P120 per share Mar.  1 - 100 treasury shares were sold for P10,000. Direction: 1) Prepare a table tracking down the movement of the stocks, one each for the preferred and common. Start with the December 31 balances. 2) Journal entries 3) Prepare the shareholders' equity…

San Miguel Corporation provided the following balances on December 31, 2021: Accounts payable 500,000Accrued taxes 100,000Ordinary share capital 5,000,000Dividends - ordinary share 1,000,000Dividends - preference share 500,000Mortgage payable (P500,000 due in 6 months) 4,000,000Note payable, due January 31, 2023 2,000,000Share premium 500,000Preference share capital 3,000,000Premium on note payable 200,000Income summary - credit balance 4,000,000Retained earnings - January 1 2,500,000Unamortized issue cost on note payable 50,000Unearned rent income 150,000 1. What is the amount of noncurrent liabilities on December 31, 2021? 2. What is the amount of retained earnings on December 31, 2021?a. 6,500,000b. 2,500,000c. 1,000,000d. 5,000,000 3. What is the total shareholders’ equity on December 31, 2021?

Dream Corporation reported net income of $44,000 for 2019. The company has 10,000 shares of common stock issued and outstanding for all of 2019 and no preferred stock. During 2018, Dream issued $400,000 of 8% convertible bonds at par value. Each $1,000 bond can be converted into 24 shares of common stock. No bonds have been converted as of December 31, 2019. Dream has a 30% tax rate.  a) What is the basic EPS? b) What is the diluted EPS?

On December 31, 2021, Skysong Company issues 139,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $11. The fair value of the SARS is estimated to be $5 per SAR on December 31, 2022; $2 on December 31, 2023; $11 on December 31, 2024; and $9 on December 31, 2025. The service period is 4 years, and the exercise period is 7 years. (a) Prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan. (If the compensation decreases from prior year enter the amount as a negative number in the table e.g. -25,000 or (25,000).) Date 12/31/22 12/31/23 12/31/24 $ Fair Value 11 Cumulative Compensation Recognizable $ 11 Percentage Accrued % S % %

In 2019, Jed Incorporated issued 75,000 shares of P10 par value for P100 per share. In 2020, the entity reacquired 3,000 shares at P150 per share and immediately cancelled these 3,000 shares. In relation with the retirement of shares, what amount should be debited to share premium and retained earnings respectively? A. P30,000 and P420,000 B. P150,000 and P270,000 C. P270,000 and P150,000 D. P420,000 and 0

On December 31, 2016, Beckford Company issues 150,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. The fair value of the SARs is estimated to be $4 per SAR on December 31, 2017; $1 on December 31, 2018; $10 on December 31, 2019; and $9 on December 31, 2020. The service period is 4 years, and the exercise period is 7 years. Instructions a.   Prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan. b.   Prepare the entry at December 31, 2020, to record compensation expense, if any, in 2020. c.   Prepare the entry on December 31, 2020, assuming that all 150,000 SARs are exercised.

In 2019, Buffalo Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Buffalo had revenues of $18,800 and expenses other than interest and taxes of $8,000 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,800 shares of common stock were outstanding; none of the bonds was converted or redeemed.(a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share   $  (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share   $  (c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g.…

Iron King Corporation had the following transactions during 2019:  Jan. 1.  Issued 6,000 ordinary shares at par of P100 in exchange for real property with a market value of P800,000. The corporation is authorized to issue 20,000 shares.  Jan 15. Sold 8,000 shares at P120 Mar. 10. Purchased 800 of its shares at P150.  June 12. Sold 400 treasury shares. Dec. 31 Profit for the year is P316,000.  1. Compute for the total ordinary share capital as of December 31, 2019.  2. Compute for the retained earnings as of December 31, 2019.

Iron King Corporation had the following transactions during 2019:  Jan. 1.  Issued 6,000 ordinary shares at par of P100 in exchange for real property with a market value of P800,000. The corporation is authorized to issue 20,000 shares.  Jan 15. Sold 8,000 shares at P120 Mar. 10. Purchased 800 of its shares at P150.  June 12. Sold 400 treasury shares. Dec. 31 Profit for the year is P316,000.   1. Compute for the treasury shares as of December 31, 2019.  2. Compute for the total share premium (if any), as of December 31, 2019.