Quadro S.A. has 1,500,000 1 ordinary shares and 2,285,000 profits attributable to these shares. Quadro has...
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Quadro S.A. has 1,500,000 €1 ordinary shares and €2,285,000 profits attributable to these shares. Quadro has five potentially ordinary shares, as shown in the graphic. Tax rate is 30% and the preference shares are classified as equity. Which of these instruments should be included in Quadro's diluted earnings per share calculation? Select one or more options and click Submit Convertible loan Convertible preference shares Convertible bonds Options Contingently issuable shares 1 €1,500,000 10% loan convertible into 50,000 shares 2 400,000 €28% preference shares convertible into 20,000 shares 3 €800,000 5% bonds convertible into 100,000 shares 4 Option for 100,000 shares exercised in 2006 at €0.95 (average market price for 2008 is €0.93) 5 If profits exceed €2million 10 managers will receive 1,000 shares each. Quadro S.A. has 1,500,000 €1 ordinary shares and €2,285,000 profits attributable to these shares. Quadro has five potentially ordinary shares, as shown in the graphic. Tax rate is 30% and the preference shares are classified as equity. Which of these instruments should be included in Quadro's diluted earnings per share calculation? Select one or more options and click Submit Convertible loan Convertible preference shares Convertible bonds Options Contingently issuable shares 1 €1,500,000 10% loan convertible into 50,000 shares 2 400,000 €28% preference shares convertible into 20,000 shares 3 €800,000 5% bonds convertible into 100,000 shares 4 Option for 100,000 shares exercised in 2006 at €0.95 (average market price for 2008 is €0.93) 5 If profits exceed €2million 10 managers will receive 1,000 shares each.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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