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Exercise 1 9 - 1 9 ( Algo ) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [ LO
Exercise Algo EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds LO On December Berclair Inc. had million shares of common stock and million shares of $ par value cumulative preferred stock issued and outstanding. On March Berclair purchased million shares of its common stock as treasury stock. Berclair issued a common stock dividend on July Four million treasury shares were sold on October Net income for the year ended December was $ million. The income tax rate is Also outstanding at December were incentive stock options granted to key executives on September The options are exercisable as of September for million common shares at an exercise price of $ per share. During the market price of the common shares averaged $ per share. In $ million of bonds, convertible into million common shares, were issued at face value. Required: Compute Berclair's basic and diluted earnings per share for the year ended December Enter your answers in millions ie should be entered as Do not round intermediate calculations.
Exercise Algo EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold;
stock options; convertible bonds LO
On December Berclair Inc. had million shares of common stock and million shares of $ par value cumulative
preferred stock issued and outstanding. On March Berclair purchased million shares of its common stock as treasury stock.
Berclair issued a common stock dividend on July Four million treasury shares were sold on October Net income for the
year ended December was $ million. The income tax rate is
Also outstanding at December were incentive stock options granted to key executives on September The options are
exercisable as of September for million common shares at an exercise price of $ per share. During the market
price of the common shares averaged $ per share.
In $ million of bonds, convertible into million common shares, were issued at face value.
Required:
Compute Berclair's basic and diluted earnings per share for the year ended December Enter your answers in millions ie
should be entered as Do not round intermediate calculations.
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