Recent Posts • Latest Topics • Unanswered Questions

Centurion, Inc. has four potentially dilutive securities. Net income for the year is $900,000 and ...

lover567

wrote...

Go to Answer

Posts: 304

Rep:

6 years ago

Centurion, Inc. has four potentially dilutive securities. Net income for the year is $900,000 and ...

Centurion, Inc. has four potentially dilutive securities. Net income for the year is $900,000 and the weighted average common shares outstanding is 600,000 shares. Computation of the antidilution sequencing recorded the following:

SecurityIncrease in IncomeIncrease in Common Shares
Convertible Preferred Stock$30,00012,000
Stock Warrants $0 7,000
Stock Options $0 (8,000)
Convertible Bonds$95,00014,000

Required: Write the basic equation for EPS and compute basic EPS. Determine the order of entry into the EPS computation. Compute final diluted EPS and show all computations to determine your final answer.

Textbook

Intermediate Accounting

Edition: 1^st

Authors: Gordon, Raedy, Sannella

Read 48 times

3 Replies

Report

Replies

Answer verified by a subject expert

kab170

wrote...

Posts: 206

Rep:

6 years ago

More solutions for this book are available here

1 Vote

Pmay23

Report

Related Topics

lover567 Author

wrote...

6 years ago

Going to mark this solved!

Report

kab170

wrote...

6 years ago

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1203 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

1017

1014

833

Your Opinion

Previous poll results: Should Ph.D.'s be addressed as doctors?

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.