Exercise 17-1 On January 1, 2020, Cullumber Manufacturers had 312,000 common shares outstanding, On April 1, the corporation issund 21,200 new common shares to raise additional capital On July 1, the corporation dedared and distributed a 10% stock dividend on its conimon shares. On November 1, the corporation repurchased on the market 9,000 of its own standing common shares to make them available for issuances related to its key concutives' outstanding stock options. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to o decimal places t.e. 5.25.) Weighted average number of shares outstanding shares LINK TO TEXT Assume that Cullumber Manufacturers had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2020. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to o decimal places. e. 5.255.) shares Weighted average number of shares outstanding Exercise 17-9 In 2019, Oriole Ltd. issued $40,000 of 8% bonds at par, with each $1,000 band being convertible into 100 common shares. The company had revenues of $76,700 and expenses of $44,600 for 2020, not including interest and taxes (assume a tax rate of 25%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to decimal places, ev. 15.25.) Diluted earnings per share LINK TO TOT Assume that the 40 bonds were issued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25) Diluted earnings per shares LINK TO TEXT Assume the bonds were issued in 2019. Assume that 14 of the 40 bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended December 31 2020. (Round answer to 2 decimal places, e.2. 15.25.) Diluted earnings per shares Policy I 2000-2020 Jahn Wiley Alghts Reservat Division of the Wild 8 73 PM 2/21/2001 Exercise 17-1 On January 1, 2020, Cullumber Manufacturers had 312,000 common shares outstanding, on April 1, the corporation woed 1.200 new common shares to ralo nditional capital On July 1, the corporation declared and distributed a 10% stock dividend on its common share on November 1, the corporation repurchased on the market 9,000 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. Your answer is incorrect. Try again. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to decinal place .. 5.255.) Weighted average number of shares outstanding 547600 shares LINK TO TEXT * Your answer is incorrect. Try again. Assume that Cullumber Manufacturers had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2020 Calculate the welghted average number of shares outstanding as at December 31, 2020. (Round answer to decimal places, 0.5.255.) 427500 shares Weighted average number of shares outstanding Excercise 17-16 Sheridan Corp. net income for 2020 is $147,600. The only potentially dilutive securities outstanding were 1,600 call options issued during 2010, with each option being exerdsable for one share at $20. None have been exercised, and 32,700 common shares were outstanding during 2020. The average market price of the company's shares during 2020 was $25. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places 0.15.25.) Diluted earnings per shares LINK TO TEXT Assuming that the 1,600 call options were instead issued on November 1, 2020 (rather than in 2019), calculate diluted earnings per share for the year ended December 11, 2020. The average market price during the last two months of 2020 was $25. (Round answer to deciso places, co. 15.25.) Diluted earnings per shares Exercise 17-1 On January 1, 2020, Cullumber Manufacturers had 312,000 common shares outstanding, On April 1, the corporation issund 21,200 new common shares to raise additional capital On July 1, the corporation dedared and distributed a 10% stock dividend on its conimon shares. On November 1, the corporation repurchased on the market 9,000 of its own standing common shares to make them available for issuances related to its key concutives' outstanding stock options. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to o decimal places t.e. 5.25.) Weighted average number of shares outstanding shares LINK TO TEXT Assume that Cullumber Manufacturers had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2020. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to o decimal places. e. 5.255.) shares Weighted average number of shares outstanding Exercise 17-9 In 2019, Oriole Ltd. issued $40,000 of 8% bonds at par, with each $1,000 band being convertible into 100 common shares. The company had revenues of $76,700 and expenses of $44,600 for 2020, not including interest and taxes (assume a tax rate of 25%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to decimal places, ev. 15.25.) Diluted earnings per share LINK TO TOT Assume that the 40 bonds were issued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25) Diluted earnings per shares LINK TO TEXT Assume the bonds were issued in 2019. Assume that 14 of the 40 bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended December 31 2020. (Round answer to 2 decimal places, e.2. 15.25.) Diluted earnings per shares Policy I 2000-2020 Jahn Wiley Alghts Reservat Division of the Wild 8 73 PM 2/21/2001 Exercise 17-1 On January 1, 2020, Cullumber Manufacturers had 312,000 common shares outstanding, on April 1, the corporation woed 1.200 new common shares to ralo nditional capital On July 1, the corporation declared and distributed a 10% stock dividend on its common share on November 1, the corporation repurchased on the market 9,000 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. Your answer is incorrect. Try again. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to decinal place .. 5.255.) Weighted average number of shares outstanding 547600 shares LINK TO TEXT * Your answer is incorrect. Try again. Assume that Cullumber Manufacturers had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2020 Calculate the welghted average number of shares outstanding as at December 31, 2020. (Round answer to decimal places, 0.5.255.) 427500 shares Weighted average number of shares outstanding Excercise 17-16 Sheridan Corp. net income for 2020 is $147,600. The only potentially dilutive securities outstanding were 1,600 call options issued during 2010, with each option being exerdsable for one share at $20. None have been exercised, and 32,700 common shares were outstanding during 2020. The average market price of the company's shares during 2020 was $25. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places 0.15.25.) Diluted earnings per shares LINK TO TEXT Assuming that the 1,600 call options were instead issued on November 1, 2020 (rather than in 2019), calculate diluted earnings per share for the year ended December 11, 2020. The average market price during the last two months of 2020 was $25. (Round answer to deciso places, co. 15.25.) Diluted earnings per shares
