When computing diluted earnings per share, convertible bonds are

Select one:

a. assumed converted only if they are antidilutive.

b. ignored.

c. assumed converted whether they are dilutive or antidilutive.

d. assumed converted only if they are dilutive.

Y Corporation is organized with authorized common stock of 10,000 shares without par value. If Y then issues 500 shares for cash at $10 per share, it makes the following entry.

Select one:

a. Dr. Equipment 1,500, Cr. Common Stock 5,00 and Cr. Paid in capital -CS 1,000.

b. Dr. Cash 1,500 and Cr. Paid in capital -CS 1,500.

c. Dr. Cash 1,500, Cr. Common Stock 500 and Cr. Paid in capital -CS 1,000.

d. Dr. Cash 5,000 and Cr. Common Stock 5,000.

Clear my choice