At January 1, 2021, Canaday Corporation had outstanding the following securities:660 million common shares20 million 6% cumulative preferred shares, $50 par6.4% convertible bonds, $3,500 million face amount, convertible into 70 million common sharesThe following additional information is available:. On September 1, 2021, Canaday sold 72 million additional shares of common stock.• Incentive stock options to purchase 40 million shares of common stock after July 1, 2020, at $14 per share, were outstanding at thebeginning and end of 2021. The average market price of Canaday's common stock was $20 per share during 2021.• Canaday's net income for the year ended December 31, 2021, was $1,500 million. The effective income tax rate was 25%.Required:1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings pershare" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)BasicDilutedNumeratorDenominator E Earnings per shareH=

Name: At January 1, 2021, Canaday Corporation had outstanding the following
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Description: At January 1, 2021, Canaday Corporation had outstanding the following securities:660 million common shares20 million 6% cumulative preferred shares, $50 par6.4% convertible bonds, $3,500 million face amount, convertible into 70 million common shares

Given in the question: Outstanding as on January 1, 2021 Number of Common Shares…

Business

Accounting

Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Basic Diluted Numerator) 1 Denominator Earnings per share

Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Basic Diluted Numerator) 1 Denominator Earnings per share

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 10MC

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