Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Yoder Incorporated, has 3600000 shares of common stock outstanding on December 31st, 2014. An additional 800,000 of common stock were issued on April 1st, 2015,

Yoder Incorporated, has 3600000 shares of common stock outstanding on December 31st, 2014. An additional 800,000 of common stock were issued on April 1st, 2015, and 400000 more on July 1st, 2015. On October 1st, 2015, Yoder issued 20000, $1,000 face value, 8% convertible bonds. Each Bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2015. What is the number of shares to be used in Computing basic earnings per share and diluted earnings per share, respectfully? This is multiple choice a. 4400000 + 4800000 B. 4400000 + 4500000 C. 4400000 + 4400000 D. 4800000 + 5600000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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