Winsor Inc. recently purchased Holiday Corp., a large midwestern home painting corporation. One of the terms of
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(a) Would the contingent shares have to be considered in Winsor’s 2013 earnings per share computations?
(b) Assume the same facts, except that the 10,000 shares are contingent on Holiday’s achieving a net income of $130,000 in 2014. Would the contingent shares have to be considered in Winsor’s earnings per share computations for 2013?
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a The contingent shares would have to be reflected in di...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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