Sands, Co. has 200,000 shares of common stock and $1,000,000 of 3% convertible bonds outstanding. Each...

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Sands, Co. has 200,000 shares of common stock and $1,000,000 of 3% convertible bonds outstanding. Each $1,000 bond is convertible into 10 shares of common stock. Net income is $2,000,000 and the corporate tax rate is 25%. What is Sands' diluted earnings per share? On January 1, 2020, Barr Inc. granted options to employees to purchase 25,000 shares of the company's $1 par value common stock at $20 per share. The grant date fair value of each option is $10. If 10,000 of the options do not get exercised before they expire what is the journal entry to record the expiration of shares? Budd, Inc. reported net income of $750,000 for the year, declared $15,000 in preferred dividends (noncumulative) and $30,000 in dividends to common shareholders. The company's weighted average common shares outstanding for the year was 100,000. What is the company's basic earnings per share for the year? Sands, Co. has 200,000 shares of common stock and $1,000,000 of 3% convertible bonds outstanding. Each $1,000 bond is convertible into 10 shares of common stock. Net income is $2,000,000 and the corporate tax rate is 25%. What is Sands' diluted earnings per share? On January 1, 2020, Barr Inc. granted options to employees to purchase 25,000 shares of the company's $1 par value common stock at $20 per share. The grant date fair value of each option is $10. If 10,000 of the options do not get exercised before they expire what is the journal entry to record the expiration of shares? Budd, Inc. reported net income of $750,000 for the year, declared $15,000 in preferred dividends (noncumulative) and $30,000 in dividends to common shareholders. The company's weighted average common shares outstanding for the year was 100,000. What is the company's basic earnings per share for the year?

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