Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. boxer company has 2,900,000 shares of common stock

Boxer Company has 2,900,000 shares of common stock outstanding on December 31, 2020....

70.2K

Verified Solution

Question

Accounting

image

Boxer Company has 2,900,000 shares of common stock outstanding on December 31, 2020. An additional 150,000 shares of common stock were issued on July 1, 2021, and 300,000 more on October 1, 2021. On April 1, 2021, Boxer issued 6,000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 40 shares of common stock. No bonds were converted into common stock in 2021. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, for the year ended December 31, 2021? a. 3,050,000 and 3,050,000 b. 3,050,000 and 3,230,000 c. 3,050,000 and 3,290,000 d. 3,350,000 and 3,530,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Let a be a positive constant number. Draw the graph of a catenary y=acosh(x/a). Calculate the...

Advance Math
Q

6. For many applications of matchings, it makes sense to use bipartite graphs. You might wonder,...

Advance Math
Q

I need to time series plot the following data. I am confused since there are multiple...

Basic Math
Q

Which of the following best describes Agile model development Being willing to accept the feedback...

Basic Math
Q

Find a point slope form for the equation of the line satisfying the conditions Passing...

Algebra
Q

Problem 3-17A (Algo) Determining the break-even point...

Accounting
Q

Cato Electronics, headquartered in Denver, Colorado has 10 employees. The Occupational Privilege Tax (OPT) for...

Accounting
Q

Defining Active Listening Select elements of active listening from those shown below: Noticing tone and...

Accounting
Q

Analyze the sanctions available under SOX, and recommend the key action(s) that the PCAOB should...

Accounting
Q

Mar. 31 Paid $3,000 in cash to employees for wages earned during the three months...

Accounting
Q

You have been asked by the CEO or Mountaineer Company to assist in analyzing product...

Accounting
Q

You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You...

Accounting