Case: Fluffy Corporation (questions 4 - 5)Fluffy Corporation has changes In Its ordinary shares outstanding for the year 2015, as Illustrated In thetable below.20DateShare ChangesShares OutstandingJanuary 1Beginning balance210 00024April 1Issued 27 000 sharesJuly 16-for-1 share split took placeSeptember 1Purchased9 000 sharesDecember 31Issued 15 000 sharesFluffy Corporation has a net Income of €865 980 and a tax rate of 10%. Its only convertible Instrumentsare 27 000 outstanding warrants (Isued prior to 2015) that can each be converted to one ordinaryshare at an exercise price of €12. The average falr value of Fluffy's share during 2015 Is €20.Calculate the 2015 diluted EPS for Fluffy Corporation, assuming the company uses the if-convertedand treasury-share method for warrants. Also assume the resulting shares are subject to the sharesplit on July 1.Provide the numerator and denominator for your calculation of diluted EPS[Round the numerator and denominator to the nearest Integer, if applicable. Round diluted EPS to thenearest cent.]Numerator = €Denominator% =Diluted EPS = €

Given: January 1 follows beginning source April 1 issued 27,000 shares July 1 follows 6-1 includes…

Date Share Changes Shares Outstanding January 1 Beglnning balance 210 000 April 1 Issued 27 000 shares July 1 6-for-1 share spllt took place September 1 Purchased 9 000 shares December 31 Issued 15 000 shares luffy Corporation has a net Income of €865 980 and a tax rate of 10%. Its only convertible Instruments re 27 000 outstanding warrants (Issued prior to 2015) that can each be converted to one ordinary nare at an exercise price of €12. The average falr value of Fluffy's share during 2015 Is €20

Date Share Changes Shares Outstanding January 1 Beglnning balance 210 000 April 1 Issued 27 000 shares July 1 6-for-1 share spllt took place September 1 Purchased 9 000 shares December 31 Issued 15 000 shares luffy Corporation has a net Income of €865 980 and a tax rate of 10%. Its only convertible Instruments re 27 000 outstanding warrants (Issued prior to 2015) that can each be converted to one ordinary nare at an exercise price of €12. The average falr value of Fluffy's share during 2015 Is €20

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...

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