Assume the same information as in BE17-16 except that the put options allow the holder to sell Glavin's shares to Glavin at $11 each. How should these options be treated for purposes of the diluted EPS calculation?
Answer to relevant QuestionsAssume the same information as in BE17-2 except that the preferred shares are cumulative and the dividends have not yet been declared or paid. In BE Hedley Corporation had 2011 net income of $1.4 million. During 2011, Hedley ...Tomba Corporation had 300,000 common shares outstanding on January 1, 2011. On May 1, Tomba issued 30,000 shares. (1) Calculate the weighted average number of shares outstanding for the year ended December 31, 2011, if the ...Rao Corporation had a net income of $50,000 for the year ended December 31, 2011, and a weighted average number of common shares outstanding of 10,000. The following information is provided regarding the capital ...On January 1, 2011, Summerhill Distillers Inc. had 475,000 common shares outstanding. On April 1, the corporation issued 47,500 new common shares to raise additional capital. On July 1, the corporation declared and ...Use the same information as in P17-13, but also assume the following. 1. On September 30, 200,000 convertible preferred shares were redeemed. If they had been converted, these shares would have resulted in an additional ...
Post your question