Question
Anti-dilutive securities Select one: a. should be included in the computation of diluted earnings per share but not basic earnings per share. b. are those
Anti-dilutive securities
Select one: a. should be included in the computation of diluted earnings per share but not basic earnings per share. b. are those whose inclusion in earnings per share computations would cause basic earnings per share to exceed diluted earnings per share. c. include stock options and warrants whose exercise price is less than the average market price of common stock. d. should always be ignored in the computation of diluted EPS.
The Edmonton Company is issuing $50,000 face value, 10% bonds with detachable stock warrants. The value of the bonds without the warrants is $40,000 and the value of the warrants is a total of $10,000. The bonds with the warrants sold for $55,000. The journal entry to record the sale will include:
Select one: a. A debit to Discount on Bonds Payable for $6,000 b. A debit to Discount on Bonds Payable for $10,000 c. A credit to Premium on Bonds Payable for $5,000 d. A credit to Paid-in-Capital Stock Warrants for $10,000 e. A credit to Paid-in-Capital Stock Warrants for $5,000
BRB Company issues common shares and pays stock issue costs. The stock issue costs will affect what account?
Select one: a. Common Stock b. Stock Issue Costs (an asset) c. Stock Issue Cost Expense d. Paid-in-Capital
Case Corporation issues $100,000, 10%, five-year bonds at 94. The total interest expense over the life of the bonds is:
Select one: a. $56,000 b. $44,000 c. $50,000 d. $54,000 e. $46,000
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