Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(questions 4-5) Dutty Corporation has changes in its ordinary shores outstanding for the year 20b, os lutte te table below Date January Share Changes Beginning

image text in transcribed

image text in transcribed

(questions 4-5) Dutty Corporation has changes in its ordinary shores outstanding for the year 20b, os lutte te table below Date January Share Changes Beginning balance Issued 27000 mores Shares Outstanding March 1 270000 June 1 -lore shore spit rock place Purchased 24 000 shores August 1 December 31 Issued 15 000 shares In 2016, Duity Corporation has a net income of 751200 and a tax rate at 40%. Its only crevenible instruments are 9 000 outstanding worronts (issued prior to 2016) that can ench be comerted to cre ordinary share at an exercise price of $14. The average for volt of Dutty's shore dunno in za Fill in the table below to calculate the weighted average number of shares used for calculating Duffy's Corporation ordinary EPS for 2016. (Round the answers to the nearest integer. If opticable) Dates outstanding Weighted number of outstanding shores January 1 - March 1 March 1 - June 1 June 1. August August 1. December 31 Weighted average ordinary shares outstanding for the year

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

Introduction To Managerial Accounting

Authors: Peter C. Brewer

Custom Edition

0077842987, 978-0077842987

More Books

Students also viewed these Accounting questions

Question

What strengths did AT&T bring to its joint venture with Unisource?

Answered: 1 week ago

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago

Question

What are the main differences between rigid and flexible pavements?

Answered: 1 week ago

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago