a.) Determine the weighted-average number of shares outstanding as of December 31, 2015.
b.) Assume that Wilke Corp. earned net income of $ 3,315,000 during 2015. In addition, it had 117,000 shares of 9 %, $ 102 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2015. Compute earnings per share for 2015, using the weightedaverage number of shares determined in part( a
c.) Assume the same facts as in part( b), except that the preferred stock was cumulative. Compute earnings per share for 2015.( Round answer to 2 decimal places, e. g. $ 2.55.)
d.) Assume the same facts as in part( b), except that net income included an extraordinary gain of $ 941,000 and a loss from discontinued operations of $ 489,000. Both items are net of applicable income taxes. Compute earnings per share for 2015.( Round answer to 2 decimal places, e. g. $ 2.55.)
8) Amy Dyken, controller at Fitzgerald Pharmaceutical Industries, a public company, is currently preparing the calculation for basic and diluted earnings per share and the related disclosure for Fitzgerald’ s financial statements. Below is selected financial information for the fiscal year ended June 30, 2014.
9) Under IFRS, how are convertible debt recorded?