LU2 Delure 1100am 1. On January 1, EPS Company had 1,200,000 sm 1, EPS Company had 1,200,000 shares of common stock outstanding. It issued 252,000 shares on May 1, purchased 126,000 sha on May 1, purchased 126,000 shares of treasury stock on September 1, and issued 108,000 shares on November 1. The we a. 1,302,000. res on November 1. The weighted average shares outstanding for the year is b. 1,344,000. c. 1,386,000. d. 1,428,000. 2. SYL Co had net income for the vear of $1,020,000. At year end it had 1,000,000 Sna common stock issued and outstanding, 800,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on October 1. What is earnings per share, rounded to the nearest penny? a. $1.01 b. $1.14 c. $1.20 d. $1.27 | 1. On January 1, Co had outst 1, it sold an additional 500,000 shar May 1. On August 1, it purchase for $35 per share. What is a. 650,000 b. 700,000 c. 450,000 d. 525,000 DU 422 before 11:00am Co had outstanding 250.000 shares of its $1 par value common stock. On March clonal 500,000 shares at $25 per share. Co issued a 10% stock dividend on Ist I, it purchased 280,000 shares. On December 1, 400,000 shares were sold share. What is the weighted average number of shares outstanding for the year. when computing diluted earnings per share, convertible bonds are a. ignored. D. assumed converted whether they are dilutive or antidilutive. c. assumed converted only if they are antidilutive. d. assumed converted only if they are dilutive. co nas 3,600,000 shares of common stock outstanding on January 1. An additional common stock were issued on July 1, and 600,000 more on October 1. On April 1, it issued 6,000, $1,000 face value, 4% convertible bonds. Each bond is ce value, 4% convertible bonds. Each bond is convertible into 80 shares of common stock. No bonds were converted into common stock that year. What is of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, for the year ended December 31? a. 3,900,000 and 3,900,000 b. 3,900,000 and 4,260,000 c. 3,900,000 and 4,380,000 d. 4,500,000 and 4,860,000 4. Warrants exercisable at $20 each to obtain 30,000 shares of common stock were outstanding during a period when the average market price of the common stock was $25. 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 a. 30,000. b. 24,000. c. 18,000. 6,000