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Walker Corporation has three potentially dilutive securities. Net income for the year is $500,000 ...

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Walker Corporation has three potentially dilutive securities. Net income for the year is $500,000 ...

Walker Corporation has three potentially dilutive securities. Net income for the year is $500,000 and the weighted average common shares outstanding is 200,000 shares. Computation of the antidilution sequencing recorded the following:

SecurityIncrease in IncomeIncrease in Common Shares
Convertible Preferred Stock$30,00010,000
Stock Warrants $0 5,000
Convertible Bonds$15,00020,000

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

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Zacellison

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More solutions for this book are available here

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kaylie.yardley Author

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I'm still confused, but thanks for answering correctly

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