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company did not declare and pay a preferred dividend in 2015.
Compute earnings per share for 2015, using the weighted-average
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?
10) Under IFRS, what is recorded as compensation expense for all
employee share-purchase plans?
11) Which of the following differs in GAAP and IFRS?
12) Florence Inc. issued 8,000, 5-year convertible bonds of $2,000
each for $4,000,000 at the beginning of 2012. The bonds have a
stated rate of interest of 9% and interest is payable annually. Each
bond can be convertible into 100 shares with a par value of $10. The
market rate of similar nonconvertible debt is 10%.
Determine the fair value of equity component using the ―with-and-
without‖ method.