During 2024, J. J. Burks Company had the following two classes of stock issued and outstanding for the entire year: . 590,000 shares of common stock, $1 par. On December 31, 2023, the Bennett Company had 100,000 shares of common stock issued and outstanding. On July 1, 2024, the company sold 18,000 additional shares for cash. Bennett's net income for the year ended December 31, 2024, was $590,000. During 2024, Benn . 3,900 shares of 5% preferred stock, $100 par, conv share-for-share into common stock. $75,000 in cash dividends on its nonconvertible preferred stock. What is the 2024 basic earnings per share? ennett declared and paid J. J. Burks' 2024 net income was $1,990,000, and its income tax rate for the year was 25%. In the computation of diluted earnings per share for 2024 amount to be used in the numerator is: Multiple Choice Multiple Choice $5.15 $1,970,500. O None of these answer choices are correct. $1,990,000 . $5.41 $1,980,250 . $4.72 O $2,009,500. Getaway Travel Company reported net income for 2024 in the amount of $67,000. During 2024, Getaway declared and paid $16,500 in cash dividends During the current year, Tseng Corporation had 3.33 million shares of common stock outstanding. $5,055,000 of 5% convertible bonds were issued at face amount at the beginning of outsfrom convertible preferred stock. Getaway also paid $27,000 cash dividends on its common stock. Getaway had 57,000 he beginning of the year. Tseng reported income before tax of $4.44 million and net income of $3.33 million for the year. The bonds are outstanding from January 1 until 27,000 new shares were sold for cash on July 1, 2024. A 2-for-1 stock split was ock split was granted on July 5, 2024. What is the convertible into 636,000 shares of common. What is diluted EPS (rounded)? Note: Round final answers to 2 decimal places . Multiple Choice Multiple Choice $0.89 $0.36 $0.90 $0.17 $1.06 $0.59 O $0.76 $0.48 During 2024, Farewell Incorporated had 509,000 shares of common stock and 54,500 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Farewell did not declare an On December 31, 2023, the Imhof Company had 259,000 shares of common stock issued and outstanding. On March 31, 2024, the company sold ot declare or pay any dividends during 2024. 59,000 additional shares for cash. Imhof's net income for the year ended December 31, 2024, was $ Do in cash dividends on its nonconvertible preferred stock. What is the 2024 basic earnings per share? asicoz; was $790.000. During 2024, Imhof declared and paid Farewell's net income for the year ended December 31, 2024, was $3.4 million. The income tax rate is 25%. Farewell granted 19,000 stock options to its executives on January 1 of this year. Each option gives he Note: Round final answers to 2 decimal places. this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $38 per share. The options vest after one year. The market price of the common stock averaged $39 per share during 2024. What is Farewell's diluted earnings per share for 2024, rounded to the nearest cent? Multiple Choice Multiple Choice O $3.05 O Cannot determine from the given information O $3.95 O $6.55 $2.31 $5.92 $3.51 $6.04
