Use the same information as in E17-13, except for the changes in part (c). Assume instead that
Question:
Instructions
(a) Calculate Mininova’s weighted average common shares outstanding.
(b) Calculate Mininova’s basic earnings per share for 2012.
(c) Calculate Mininova’s diluted earnings per share for 2012.
(d) What do you notice about the results of the diluted earnings per share calculation when conversions occur during the year and when they do not occur?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Number of shares for basic earnings per share Dates Outstanding Shares Outstanding Fraction of Year Weighted Shares Jan 1April 1 April 1Dec 1 60000 ...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
4+ Reviews
10+ Question Solved
Related Book For 
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Question Posted:
