A) buys fixed assets on credit. B) uses cash to purchase inventory. C) pays off accounts payable from cash. Question #44 of 120 Question ID: 121205 A company has 1,000,000 warrants outstanding at the beginning of the year, each convertible into one share of stock with a exercise price of $50. No new warrants were issued during the year. The average stock price during the period was $60, and the year-end stock price was $45. What adjustment for these warrants should be made under the treasury stock method. to the number of shares used to calculate diluted earnings per share (EPS)? A) O. B) 166,667. C) 200.000 Question #45 of 120 Question ID: 120754 A firm has undertaken a contract with an estimated total cost of $200 million at a price of $220 million. At the end of the first reporting period, the firm has devoted resources of $70 million to the project. The customer has been billed for 580 million and made payments of $60 million. As a result of these transactions, the firm should report revenue from this project of: A) $60 million B) 570 million C) $77 million A) buys fixed assets on credit. B) uses cash to purchase inventory. C) pays off accounts payable from cash. Question #44 of 120 Question ID: 121205 A company has 1,000,000 warrants outstanding at the beginning of the year, each convertible into one share of stock with a exercise price of $50. No new warrants were issued during the year. The average stock price during the period was $60, and the year-end stock price was $45. What adjustment for these warrants should be made under the treasury stock method. to the number of shares used to calculate diluted earnings per share (EPS)? A) O. B) 166,667. C) 200.000 Question #45 of 120 Question ID: 120754 A firm has undertaken a contract with an estimated total cost of $200 million at a price of $220 million. At the end of the first reporting period, the firm has devoted resources of $70 million to the project. The customer has been billed for 580 million and made payments of $60 million. As a result of these transactions, the firm should report revenue from this project of: A) $60 million B) 570 million C) $77 million