Hello,

I need help with my Accounting Questions.

I need detailed explanation Please.

Thank You So much.

9. Warrants exercisable at $25 each to obtain 30,000 shares of common stock were outstanding during a period when the average market price of the common stock was S20. Application of the treasury stock method for the assumed exercise of these warrants in computing diluted earnings per share will increase the weighted average number of outstanding shares by Select one: a. 30,000 b. 24.000 c. 6,000 d. 7.500 10. Jostens Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and S1,000,000 of 10% bonds outstanding during 2017. The preferred stock is convertible into 20.000 shares of common stock. During 2017, Jostens paid dividends of $1.20 per share on its common stock and $4.00 per share on its preferred stock. Each $1.000 bond is convertible into 45 shares of common stock. The net income for the year ended December 31, 2017 was $800,000. Assume the income tax rate was 30%. Diluted earnings per share for 2017 (rounded to the nearest pen are: ny) Select one: a. S3.60 b. $3.35 c. $2.94 d. $3.28 e. S3.22