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Case A is wrong, Case B is right. Please help me solve Case A . The following cases are Independent. On 2 7 february 2
Case A is wrong, Case B is right. Please help me solve Case AThe following cases are Independent.
On february shares were issued for $ each.
shares were issued on August.
A for stock split was distributed on August.
Case B On January x Doomsday Corp. had nonvoting Series A shares and
Series voting shares outstanding. Series A shares have a $ per
share cumulative dividend paid quarterly and are convertible into two
Series B shares at any time after December
On October x Series A shares were converted to B shares.
On December xe Series shares were retired for cash.
Required:
For each case, calculate the number of weightedaverage ordinary shares to use In the calculation of basic EPS. Assume a
December yearend. Do not round Intermedlate calculations. Round your answers to the nearest whole number.
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