On December 31, 2022, SYB Inc. had 8,881,000 shares of common stock issued and outstanding. On...

  

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On December 31, 2022, SYB Inc. had 8,881,000 shares of common stock issued and outstanding. On April 1, 2023 the company sold an additional 6,661,000 shares of common stock for $15 per share. If net income for 2023 was $7,726,000, what will SYB Inc. report as basic EPS? (NIE 12) JOn September 1, 2023, right after an interest payment, $4,511,000 of P&S, Inc.'s outstanding bonds were converted into 677,000 shares of P&S, Inc.'s $2 par value common stock. At the time of the conversion, the common stock had a market value of $3 and the bond had an unamortized discount of $113,000. Based on this information, what will be the change in P&S, Inc.'s additional paid in capital - common stock account due to the conversion? (NIE 13) On December 31, 2022, SYB Inc. had 8,881,000 shares of common stock issued and outstanding. On April 1, 2023 the company sold an additional 6,661,000 shares of common stock for $15 per share. If net income for 2023 was $7,726,000, what will SYB Inc. report as basic EPS? (NIE 12) JOn September 1, 2023, right after an interest payment, $4,511,000 of P&S, Inc.'s outstanding bonds were converted into 677,000 shares of P&S, Inc.'s $2 par value common stock. At the time of the conversion, the common stock had a market value of $3 and the bond had an unamortized discount of $113,000. Based on this information, what will be the change in P&S, Inc.'s additional paid in capital - common stock account due to the conversion? (NIE 13)

Answer rating: 100% (QA)

Problem 12 Basic EPS Net income Weighted average number of shares outstanding Net income 7726000 Wei... View the full answer