Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
xonotes xonotes
wrote...
Go to Answer
Posts: 222
Rep: 45 0
5 years ago
At December 31, 20x2, GHI had 400 common shares outstanding. On October 1, 20x3, an
additional 100 common shares were issued. In addition, GHI had $40,000 of 8 percent,
convertible bonds outstanding at December 31, 20x2, which are convertible into 225 common
shares. No bonds were converted into common shares in 20x3. Net income for the year ended
December 31, 20x3, was $14,000. Assuming the income tax rate was 50 percent, the basic
earnings per share for the year ended December 31, 20x3, should be: (rounded to the nearest cent)
A) $24.00
B) $25.54
C) $32.94
D) $36.71
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
Read 43 times
3 Replies
Replies
Answer verified by a subject expert
A.JayA.Jay
wrote...
#1
Posts: 273
Rep: 12 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

xonotes Author
wrote...
#2
5 years ago
Mind blown, I've bookmarked this site on told my friends
wrote...
#3
5 years ago
Really appreciate that, see you soon
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1264 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 389
  
 655
  
 267
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Should Ph.D.'s be addressed as doctors?