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answer 33 & 34 Question 3 3p Comprehensive EPS Data for Fox Co. 2021 calendar year: 1/1/2021: Fox's outstanding shares: 100,000 common ($1. par) 10,000
answer 33 & 34
Question 3 3p Comprehensive EPS Data for Fox Co. 2021 calendar year: 1/1/2021: Fox's outstanding shares: 100,000 common ($1. par) 10,000 cumulative 4% preferred ($100 par) 2/1/2021: Fox declares a 2 for 1 common stock split 3/1/2021: Fox issues a $1,000,000, 6% bond at par, convertible to 45,000 common shares 4/1/2021: Fox grants 400,000 common stock options, $20 exercise price &$25 av, market price 7/1/2021: Fox issues 200,000 common shares at a $25 market price 12/31/2021: Fox reports $400,000 net income (after 20% tax rate) and declares $100,000 dividends (not paid until next year) What is the 2021 per share effect of Fox's bond? $1.50 O $.89 $1.07 $1.00 O $1.33 Question 3 3 pts Comprehensive EPS Data for Fox Co. 2021 calendar year: 1/1/2021: Fox's outstanding shares: 100,000 common ($1 par) 10,000 cumulative 4% preferred ($100 par) 2/1/2021: Fox declares a 2 for 1 common stock split 3/1/2021: Fox issues a $1,000,000, 6% bond at par, convertible to 45,000 common shares 4/1/2021: Fox grants 400,000 common stock options, $20 exercise price & $25 av, market price 7/1/2021: Fox issues 200,000 common shares at a $25 market price 12/31/2021: Fox reports $400,000 net income (after 20% tax rate) and declares $100.000 dividends (not paid until next year) What is Fox's 2021 basic earnings per share? O $1.50 O $.75 $1.00 O $1.20 O $.90 Step by Step Solution
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