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freshboiced7
13.08.2020 •
Business
Brick Co. has 170,000 shares of common stock outstanding at January 1, Year 5. On May 1, Year 5, it issued 30,000 additional shares of common stock. Outstanding all year were 12,000 shares of convertible cumulative preferred stock. Each share of the convertible preferred stock, which was dilutive in Year 5, is convertible into one share of Brick's common stock. What is the number of shares that Brick should use to calculate Year 5 diluted earnings per share
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Ответ:
the number of shares that Brick should use to calculate Year 5 diluted earnings per share is 202,000 shares.
Explanation:
Diluted Earnings per share takes into account the potential voting rights in the calculation of the Weighted Average Number of Common Stocks Outstanding.
Weighted Average Number of Common Stocks Outstanding Calculation :
Outstanding at beginning of the Year 170,000
Issued May 1 : 30,000 × 8/12 20,000
Convertible cumulative preferred stock 12,000
Weighted Average Number of Common Stocks Outstanding 202,000
Ответ:
F
Explanation: The fed funds rate is the interest rate that depository institutions—banks, savings and loans, and credit unions—charge each other for overnight loans. The discount rate is the interest rate that Federal Reserve Banks charge when they make collateralized loans—usually overnight—to depository institutions.