Questions from Intermediate Accounting

Q: The company had 200,000 shares of common stock outstanding throughout

The company had 200,000 shares of common stock outstanding throughout the year. In addition, as of January 1, the company had issued stock options that allowed employees to purchase 50,000 shares of c...

Q: Refer to Practice 18-6. Assume that the options were

Refer to Practice 18-6. Assume that the options were issued on September 1 instead of being outstanding throughout the year. Compute diluted earnings per share, assuming that (1) The average stock pr...

Q: The company had 100,000 shares of common stock outstanding throughout

The company had 100,000 shares of common stock outstanding throughout the year. In addition, as of January 1, the company had issued 10,000 convertible preferred shares (cumulative, 5%, $100 par). The...

Q: Refer to Practice 18-8. Assume that the convertible preferred

Refer to Practice 18-8. Assume that the convertible preferred stock was issued on February 1. Also assume that the issuance agreement stipulates that the preferred stockholders are entitled to their e...

Q: The company had 50,000 shares of common stock outstanding throughout

The company had 50,000 shares of common stock outstanding throughout the year. In addition, as of January 1, the company had issued 100 convertible bonds ($1,000 face value, 10%). The company has no o...

Q: Refer to Practice 18-10. Assume that the convertible bonds

Refer to Practice 18-10. Assume that the convertible bonds were issued on October 1. Compute diluted earnings per share, assuming that (1) Each bond was convertible into 100 shares of common stock an...

Q: Net income for the company for the year was $300,

Net income for the company for the year was $300,000, and 100,000 shares of common stock were outstanding during the year. The income tax rate is 30%. For each of the following potentially dilutive se...

Q: The company had 100,000 shares of common stock outstanding on

The company had 100,000 shares of common stock outstanding on January 1. In addition, as of January 1, the company had issued stock options that allowed employees to purchase 40,000 shares of common s...

Q: The company had 200,000 shares of common stock outstanding on

The company had 200,000 shares of common stock outstanding on January 1. In addition, as of January 1, the company had issued 5,000 convertible preferred shares (cumulative, 5%, $100 par). These prefe...

Q: The company had 100,000 shares of common stock outstanding on

The company had 100,000 shares of common stock outstanding on January 1. In addition, as of January 1, the company had issued 500 convertible bonds ($1,000 face value, 10%). The company has no other p...