OT Review Question Winter 2020_Page 4 Question Basic and diluted earnings per share Throughout the calendar year 2020, Kali Corporation has 400,000 common shares outstanding (no preferred shares issued). In addition, Collie has 5,000, 20-year, 7% bonds outstanding, issued at parin 2018. Each $1,000 bond is convertible into 20 common shares after June 30, 2021. Collie reported net income of $ 600,000 for calendar 2020. Their income tax rate is 30%. Instructions Calculate basic and diluted earnings per share for 2020. Source Sans. " 11 AAA A M E = SEEEE B. I u XX AA A Review Question_Winter 2020_Page 5 Question #5 On January 1, 2019, Hulk Ltd. reported the following balances relating to their defined benefit pension plan: Defined benefit obligation ... $1,600,000 Fair value of plan assets. 1,600,000 Other data related to the pension plan for calendar 2019 are: Current service cost... 80,000 Contributions to the plan 120,000 Benefits paid... 100,000 Actual return on plan assets 96,000 Interest (discount) rate.... 10% Instructions a. Calculate pension expense for 2019 b. Prepare the journal entries to record the pension expense and the contributions for 2019. of 357 words in English (Canada)