Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Lets play communications paid 50,000 USD worth of cash dividends and retained 220,000 USD from their net income in FY 2018. Their total equity

image text in transcribed

4. Lets play communications paid 50,000 USD worth of cash dividends and retained 220,000 USD from their net income in FY 2018. Their total equity at the end of FY 2017 was 330,000 and the end of FY 18 the total equity balance was including some other gains/surplus 585,000 USD. What is their comprehensive income, if any? (3) 5. We'll not play LLC had 1,000,000 average shares outstanding during all of 2017. During 2017, WNP also had 20,000 options outstanding with exercise prices of $45 each. The average stock price of WNP during 2016 was $42 and during 2017 increased 19.05% from 16. For purposes of computing diluted earnings per share, how many shares would be used in the denominator in 2017? What is the basic EPS if reported net income is 1,250,000 in 2017? (4)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of The Economics Of Finance

Authors: George M. Constantinides, Milton Harris, Rene M. Stulz

1st Edition

044459406X, 978-0444594068

More Books

Students also viewed these Finance questions

Question

3. Comment on how diversity and equality should be managed.

Answered: 1 week ago

Question

describe the legislation that addresses workplace equality

Answered: 1 week ago