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please help me. E 10-8 and E10-9 E 10-8 [EPS] Consolidated EPS with goodwill, noncontrolling interest, and warrants Information regarding Pang Corporation and its 90

please help me. E 10-8 and E10-9

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E 10-8 [EPS] Consolidated EPS with goodwill, noncontrolling interest, and warrants Information regarding Pang Corporation and its 90 percent-owned subsidiary, Wong Corporation, is summarized below: Pang Wong Outstanding common stock, $10 par 325,000 shares 5,000 shares Warrants to acquire 10,000 comon stock shares at $10 per shares (average market price at $20 per share) 10,000 Net income (includes income from Wong) $510,000 $200,000 Income from Wong ($180,000 - $10,000 patent amortization) $12,000 REQUIRED: Determine the following: 1. Wong's diluted earnings 2. Wong's outstanding common share and common share equivalents 3. Pang's diluted earnings if Wong's diluted EPS is $5 per share 4. Pang's diluted earnings per share if Wong's diluted EPS is $5 per share E 10-9 [EPS] Consolidated basic and diluted EPS The following information is available regarding Pam Corporation and its 80 percent-owned subsidiary, Sun Corporation, at and for the year ended December 31, 2016: Pam Sun Outstanding common stock 8,000 shares 5,000 shares Warrants to purchase 1,000 shares of Sun common stock at $9 per share (average market price is $15) 1,000 warrants Net income (includes income from Sun) $20,000 $18,000 Income from Sun ($14,400 - $2,400 amortization of excess cost over book value acquired) $12,000 REQUIRED: Determine consolidated earnings per share (both basic and diluted)

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