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Please help solving and show work? Problem 19...

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Please help solving and show work? Problem 19-19 EPS; EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19-5, 19-6, 19-7, 19-8, 19-9] At January 1, 2013, Canaday Corporation had outstanding the following securities: 600 million common shares 20 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares The following additional information is available: ? On September 1, 2013, Canaday sold 72 million additional shares of common stock. ? Incentive stock options to purchase 60 million shares of common stock after July 1, 2012, at $12 per share were outstanding at the beginning and end of 2013. The average market price of Canaday?s common stock was $18 per share during 2013. ? Canaday's net income for the year ended December 31, 2013, was $1,476 million. The effective income tax rate was 40%. Required: 1.Calculate basic earnings per common share for the year ended December 31, 2013. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2.Calculate the diluted earnings per common share for the year ended December 31, 2013. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Problem 19-19 EPS; EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19-5, 19-6, 19-7, 19-8, 19-9] At January 1, 2013, Canaday Corporation had outstanding the following securities: 600 million common shares 20 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares The following additional information is available: ? On September 1, 2013, Canaday sold 72 million additional shares of common stock. ? Incentive stock options to purchase 60 million shares of common stock after July 1, 2012, at $12 per share were outstanding at the beginning and end of 2013. The average market price of Canaday?s common stock was $18 per share during 2013. ? Canaday's net income for the year ended December 31, 2013, was $1,476 million. The effective income tax rate was 40%. Required: 1. Calculate basic earnings per common share for the year ended December 31, 2013. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. Calculate the diluted earnings per common share for the year ended December 31, 2013. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

 

Paper#3593 | Written in 18-Jul-2015

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