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Your help is appreciated in advance! Exercise 19-19 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7,
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Exercise 19-19 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19.8, 19-9] On December 31,2020 , Berclair Inc. had 600 million shares of common stock and 3 million shares of 9%,$100 par value cumulative preferred stock issued ond outstanding. On March 1, 2021, Berclair purchased 24 million shores of its common stock as treasury stock. Berclair issued o 5% common stock dividend on July 1,2021 . Four million treasury shares were sold on October 1 . Net income for the year ended December 31, 2021, was $1,050 million. The income tax rote is 25% Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisoble a5 of September 13,2020 , for 30 million common shores at an exercise price of $56 per shore. During 2021, the market price of the common shares averaged $70 per shore. In 2017,$50.0 millilon of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair's bosic and diluted earnings per share for the year ended December 31,2021 . (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Do not round intermediate calculations.) Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19.5, 19.6, 19.7] On December 31,2020, Berclair Inc. had 400 million shares of common stock and 6 million shares of 9%,$100 por volue cumulative preferred stock issued and outstonding. On March 1, 2021, Berclair purchosed 30 million shares of its common stock as treasury stock, Berclair issued a 5% common stock dividend on July 1, 2021. Five million treasury shares were sold on October 1. Net income for the year ended December 31,2021 , was $650 million. Required: Compute Berclail's earnings per share for the year ended December 31, 2021. (Enter your answers in millions (l.e.. 10,000,000 should be entered as 10).) Exercise 19.18 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options exercised [LO19.5. 19.6, 19-7, 19-8] On December 31,2020 , Berclair Inc. had 300 million shares of common stock and 5 million shares of 9%,$100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 60 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1 . Net income for the year ended December 31 , 2021, was $250 million. Also outstanding at December 31 were 36 million incentive stock options granted to key executives on September 13 , 2016. The options were exercisable as of September 13, 2020, for 36 million common shares at an exercise price of $35 per shore. During 2021, the market price of the common shares averaged $70 per share. The options were exercised on September 1, 2021 Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in mililions (l.e., 10,000,000 should be entered as 10 ). Do not round intermediate calculations.) Exercise 19-17 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19.5, 19.6, 19.7, 19.8] On December 31, 2020, Berclair Inc. had 220 million shores of common stock and 4 million shares of 9%,$100 por value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 32 million shares of its common stock as treosury stock, Berclair issued a 5% common stock dividend on July 1,2021 . Four million treasury shares were sold on October 1. Net income for the year ended December 31,2021 , was $200 million. Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13 , 2013. The options were exercisable as of September 13, 2020, for 30 milion common shares at on exercise price of $56 per share. During 2021 , the market price of the common shares averaged $70 per share. Required: Compute Berclair's bosic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10), Do not round intermediate calculations.) Step by Step Solution
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