Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

one question in two snaps kindly answer me the solution 40 pts Problem 1: (Show all supportins.computations This problem has two independent parts. Port Aliva

one question in two snaps kindly answer me the solution image text in transcribed
image text in transcribed
40 pts Problem 1: (Show all supportins.computations This problem has two independent parts. Port Aliva Candy Shops. LTD., provides you with the following information about its capital structure for the current year. All securities are assumed to be outstanding for the current year The beginning balance of common shares outstanding is equal to 600.000 shares . An additional 30,000 common shares were issued on April 1st . The company repurchased 12.000 shares of common shares to be held in the treasury on May 1st A3 for 1 stock split was announced and implemented on August 1st . An additional 24.000 common shares were issued on November 1st REQUIRED: Compute the weighted average rumber of common shares outstanding to be used in an ERS REQUIRED nents Compute the weighted average number of common shares outstanding to be used in BEPS ts Partili (Independent of your answer to Purt 1) Course 15 The beginning balance of outstanding common shares to 300.000 The company has 20,000 shares of $100 par valse non cumulative convertible putered shows, preferred share converts into 1 share of common stock The company has $4,000,000, 51.000 par value o convertible bonds outstanding the body were bunda par. Therefore, the effective interest rate is also dx Each bond converts into 20 waters of common rock Other information: . Net income after taxis equal to $800.000 . The effective tax rates 30% No dividends were declared by the Board of Director Button eations REQUIRED Libraries Computers and luted ainese Share Antonio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions