In calculating earnings per share, a company uses the treasury stock method when
A) it needs to value the cash received for a convertible bond.
B) it recognizes the assumed impact of exercising outstanding warrants.
C) it develops a methodology to handle the premium paid on exercised share options.
D) it needs to value treasury stock repurchased during the year.
B
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Hesson Properties, Inc Transactions for Hesson Properties are provided below. Nov. 1 Hesson purchases two new maintenance carts on credit at $375 each. The carts are added to Hesson's property, plant, and equipment records. Payment is due in 30 days. Nov. 8 Hesson accepts $75 of advance payments from customers for services to be provided in December. Nov. 15 Hesson receives the utility bill for
$150. Payment is due in 30 days. Nov. 20 Customers are billed $750 by Hesson for property services. Payment is due from the customers in 30 days. Nov. 30 Hesson received $500 from customers who were billed on November 20th. Refer to the transactions that occurred at Hesson Properties. Based on these transactions, what is the journal entry to record the November 1st transaction? A) Equipment 750Accounts Payable 750 B) Equipment 750Cash 750 C) Cash 750Equipment 750 D) Accounts Payable 750Equipment 750
To expand your horizons, take the initiative to get to know people from other ethnic groups
Indicate whether the statement is true or false
In general, as the cohesiveness of a work group increases, the level of conformity to group norms decreases.
Answer the following statement true (T) or false (F)
Moselle Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$252,000 $200,000 Accounts receivable, net 255,000 260,000 Inventory 133,000 120,000 Prepaid expenses 18,000 20,000 Total current assets 658,000 600,000 Plant and equipment, net 681,000 730,000 Total assets$ 1,339,000 $ 1,330,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$177,000 $190,000 Accrued liabilities 25,000 30,000 Notes payable, short term 39,000 40,000 Total current liabilities 241,000 260,000 Bonds payable 200,000 200,000 Total liabilities 441,000 460,000 Stockholders' equity:
Common stock, $4 par value 240,000 240,000 Additional paid-in capital 80,000 80,000 Retained earnings 578,000 550,000 Total stockholders' equity 898,000 870,000 Total liabilities & stockholders' equity$ 1,339,000 $ 1,330,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,400,000 Cost of goods sold 900,000 Gross margin 500,000 Operating expenses 436,462 Net operating income 63,538 Interest expense 14,000 Net income before taxes 49,538 Income taxes (35%) 17,338 Net income$ 32,200 Dividends on common stock during Year 2 totaled $4,200. The market price of common stock at the end of Year 2 was $9.72 per share.Required:a. What is the company's earnings per share for Year 2?b. What is the company's price-earnings ratio for Year 2?c. What is the company's dividend payout ratio for Year 2?d. What is the company's dividend yield ratio for Year 2?e. What is the company's book value per share at the end of Year 2? What will be an ideal response?