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Bolshevik Ltd.'s statement of financial position at 31 December 20X2 reported the following Long-term notes payable, 4%, due in 20X9 Bonds payable, par value $11,100,000,
Bolshevik Ltd.'s statement of financial position at 31 December 20X2 reported the following Long-term notes payable, 4%, due in 20X9 Bonds payable, par value $11,100,000, 3%, each $1,000 of face 4,110,000 value is convertible into 20 common shares; bonds mature in 20X3, net of discount Common stock conversion rights Common shares, voting, 972,000 shares outstanding 8,310,000 601,000 26,110,000 Additional information: a. 61,000 common shares were issued at $61 on 1 July 20X2. b. Common share options are outstanding, entitling holders to acquire 161,000 common shares at $20 per share. c. Interest expense on the convertible bonds was $431,000 in 20X2. d. Income tax rate is 20% e. The average common share price over the year was $22 f. Earnings from continuing operations for 20X2 was $470,000, after tax; the company had a loss on a discontinued operation of S310,000, net of income tax effects Required Compute the EPS amount(s) that Bolshevik Limited should report for 20X2. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Basic EPS Diluted EPS After considering Individual effects Diluted EPS Continuing operations Discontinued operations Net earnings Bolshevik Ltd.'s statement of financial position at 31 December 20X2 reported the following Long-term notes payable, 4%, due in 20X9 Bonds payable, par value $11,100,000, 3%, each $1,000 of face 4,110,000 value is convertible into 20 common shares; bonds mature in 20X3, net of discount Common stock conversion rights Common shares, voting, 972,000 shares outstanding 8,310,000 601,000 26,110,000 Additional information: a. 61,000 common shares were issued at $61 on 1 July 20X2. b. Common share options are outstanding, entitling holders to acquire 161,000 common shares at $20 per share. c. Interest expense on the convertible bonds was $431,000 in 20X2. d. Income tax rate is 20% e. The average common share price over the year was $22 f. Earnings from continuing operations for 20X2 was $470,000, after tax; the company had a loss on a discontinued operation of S310,000, net of income tax effects Required Compute the EPS amount(s) that Bolshevik Limited should report for 20X2. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Basic EPS Diluted EPS After considering Individual effects Diluted EPS Continuing operations Discontinued operations Net earnings
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