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help! Following is the statement of financial position of Crane Corporatioft, fictionsi company, as well as some assumptions about the compinels expital structive 1. Options
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Following is the statement of financial position of Crane Corporatioft, fictionsi company, as well as some assumptions about the compinels expital structive 1. Options were granted or written in july 2021 to purchase 34.500 common shares at 515 per share The average inurhet price. of Crane common stares dirify 2023 was 525 per common share. The options ompre in 2031 and no options were esercised during 2023 . 2. The 7x bonds were issued in 2022 at face value. The 9kcorvertible bonds were issund on July 1, 2023, at face value, Each convertible bond is convertible info 50 common shares. [Fach bond hus a face value of $1,000 ) 3. The $10 cumulative convertible preler red stares were issund at the betinning of 2020 . Fach preferred share is convertible into four coinmon shares. 4. The therice income taxrate is 300h 5. The 430,000 common shures were isued at $1 per sure and weteoutstanding during the entire year. 6. Preferred dividends were not detlared in 2023. 7. Net income win 5144 ailition in 20023. d. No bonds or prefered thares west conerted during 2023 Step by Step Solution
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