Fuerman Incorporated had the following common stock record during the current calendar year: Outstanding, beginning of year 2, 200, 000 Rai Corporation had 230,000 shares of common stock outstanding during the curre Additional shares issued 6/30 120 , 000 common stock were n. what' keywere granted with an exercise price of $20. The market price ofment year. There were also fully vested options for 9,500 shares of Additional shares issued 9/30 120, 000 million. What is diluted EPS (rounded)? ket price of the common stock averaged $25 for the year. Net income was $4.3 A 11% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? Multiple Choice Multiple Choice O $18.70 O 2,290,000 $19.50 O 2,508,600 $18.54 2,575,200 $17.95 O 2,541,900 During 2024, Angel Corporation had 1,000,000 shares of common stock and 60,000 shares of 10% preferred stock outstanding. The preferred stock does not have cumulative or convertible features. Angel declared and paid cash dividends of $430,000 and $215,000 to common and preferred Isadore Bell Company granted 21 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. shareholders, respectively, during 2024. The common shares have a market price of $4 Dotcom will be the net increase in the denominator of the EPS fraction of $4 per share on January 1, 2024, the grant date. When calculating diluted EPS at December 31, 2025, what EPS fraction if the market price of the common shares averaged $4 per share during 2025? On January 1, 2023, Angel issued $2,130,000 of convertible 6% bonds at face value. Each $1,000 bond is convertible into five common shares. Angel's net income for the year end ber 31, 2024, was $6.00 million. The income tax rate is 25% Multiple Choice What will Angel report as diluted earnings per share for 2024, rounded to the nearest cent? Multiple Choice 7.00 million $5.94 28.00 million None of these answer choices are correct. 7.67 million O $5.72 O 21.00 million $6.03 Ignatius Corporation had 13 million shares of common stock outstanding during the current calendar year. It issued sixteen thousand, $1,000, convertible bonds on January 1. Each bond is convertible into mon stock. The bonds were ed at face amount and pay interest semiannually at an annual rate of 10%. On June 30, Ignatius issued 160,000 shares of $100 par 6% cumulative preferred stock. Dividends are declared and pa Ignatius has an effective tax rate of 40%. Ignatius would report the following EPS data (rounded to 2 decimal places) on its net income of $26 million: Horrocks Company granted 225,000 restricted stock awards of its no par common shares to executives, subject to forfeiture if employment is terminated Basic EPS Diluted EPS ars. Horrocks' common shares have a market price of $10 per share on January 1, 2023, the grant date, and at December 31, 2024, a . $ 2.04 $ 1.88 averaging $10 throughout the year. When calculating diluted EPS at December 31, 2024, the net increase in the denominator of the EPS fraction will be: b. C . 5 2.00 $ 1.92 $ 1.88 d. $ 1.96 $ 1 . 83 Multiple Choice Multiple Choice 225,000 shares . Option B 150,000 shares O Option D 75,000 shares O Option shares. Option A