FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Pharoah Corporation purchased Bloom Inc. and agreed to give stockholders of Bloom 49500 additional shares in 2027 if Bloom's net income in 2026 is $601000

image text in transcribed Pharoah Corporation purchased Bloom Inc. and agreed to give stockholders of Bloom 49500 additional shares in 2027 if Bloom's net income in 2026 is $601000 or more; in 2025 Bloom's net income is $620000. Pharoah has net income for 2025 of $1501000 and an average number of common shares outstanding of 495000 shares. What should Pharoah report as earnings per share for 2025

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Cost Accounting Foundations And Evolutions
Cost Accounting Foundations And Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

7th Edition

0324560559, 978-0324560558

More Books

Students explore these related Accounting questions

Question

Redo Problem 9.79 if the water pump has an isentropic efficiency of 85% (hose, nozzle included).

Answered: 3 weeks ago

Question

6. A trader deposited `4,00,000 in bank at the rate of 8% p.a. Compound Interest for 5 years. How much will he get at the end of 5 years? (Compounded value of `1 for 5 years @ 8% p.a. = 1.469)

Answered: 3 weeks ago

Question

Provide several examples of ways in which investors are their own worst enemies.

Answered: 3 weeks ago

Question

William Schlich implied that E&Ys British affiliate had the responsibility for reviewing the legal opinion issued by a British law firm regarding the treatment of Repo 105s as sales of securities. Do...

Answered: 3 weeks ago

Question

Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3,400 monthly. The contract currently sells for $337,000. What is the monthly return on this investment vehicle? What is...

Answered: 3 weeks ago

Question

1 -Materiality (7 marks) As stated in ASA 320; "The auditor's determination of materiality is a matter of professional judgement, and is affected by the auditor's perception of the financial...

Answered: 3 weeks ago

Question

Pablo, Dirk and Franz run the only bar in town. Pablo wants to sell as many drinks as possible without losing money. Dirk wants the bar to bring in as much revenue as possible. Franz wants to make...

Answered: 3 weeks ago

Question

Continue with the gamma model of Exercise 5-2. (a) Show that \(\partial Q_{N}(\boldsymbol{\beta}) / \partial \boldsymbol{\beta}=\boldsymbol{N}^{-1} \sum_{i} 2\left[\left(y_{i}-\exp...

Answered: 3 weeks ago

Question

A carpet cleaning firm uses an average of 20 gallons of cleaning fluid a day. Usage tends to be normally distributed with a standard deviation of 2 gallons per day. Lead time is 4 days, and the...

Answered: 3 weeks ago

Question

For the data in Table 12.1, confirm that the Pearson statistic in equation (12.3) is 41.98 . Table 12.1 (12.3) Count Observed (j) (nj) Fitted Counts Using the Poisson Distribution (np;) 01234 6,996...

Answered: 3 weeks ago

Question

If demand for an item is 10 per month, the cost of placing an order is \($15\), and the cost of holding one item in inventory for 1 year is \($25\), what is the EOQ?

Answered: 3 weeks ago

Question

Why should a department manager be thoroughly familiar with pay scales appropriate to department personnel but refrain from making specific pay offers to potential employees?

Answered: 3 weeks ago

Question

It is frequently claimed that it is difficult if not impossible to quantify the cost effectiveness of education. Do you believe this to be true? Why?

Answered: 3 weeks ago

Question

How should a supervisor reply to a male employee who complains that he is being paid less than another individual who is doing the same work? How should a supervisor reply to a female employee making...

Answered: 3 weeks ago

Previous Question Next Question