Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 4 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 23 Jun 2017 My Price 8.00

Diluted Earnings per Share—Stock Options

Diluted Earnings per Share—Stock Options

The records of Eureka Gold Company reveal the following capital structure as of December 31, 2007.

$9 preferred stock, $100 par, 5,000 shares issued and outstanding                          

$ 500,000

Additional paid-in capital on preferred stock                                        

110,000

Common stock, $10 par, 175,000 shares issued and outstanding                          

1,750,000

Additional paid-in capital on common stock                                         

550,000

Retained earnings                                                            

778,000

To stimulate work incentive and to bolster trade relations, Eureka Gold on May 1, 2008, issued stock options to selected executives, creditors, and others allowing the purchase of 32,000 shares of common stock for $26 a share. Market prices for the stock at various times during 2008 were:

Option issuance date 

$24

Average, May 1 to Dec. 31

62

A dividend on preferred stock was paid during the year, and there are no dividends in arrears at year-end. There are no other capital transactions during the year. Net income for 2008 was $589,000.

Instructions: Compute basic and diluted EPS for 2008.

 

Answers

Alpha Geek
(8)
Status NEW Posted 23 Jun 2017 11:06 AM My Price 8.00

-----------

Attachments

file 1498217233-692875_1_636336949016589047_Dilutive-EPS-Stock-Options.xlsx preview (317 words )
69-----------287-----------5&a-----------mp;-----------amp-----------;in-----------foI-----------d=3-----------179-----------49D-----------ilu-----------ted----------- Ea-----------rni-----------ngs----------- pe-----------r S-----------har-----------eâ€-----------”St-----------ock----------- Op-----------tio-----------nsT-----------he -----------rec-----------ord-----------s o-----------f E-----------ure-----------ka -----------Gol-----------d C-----------omp-----------any----------- re-----------vea-----------l t-----------he -----------fol-----------low-----------ing----------- ca-----------pit-----------al -----------str-----------uct-----------ure----------- as----------- of----------- De-----------cem-----------ber----------- 31-----------, 2-----------007-----------.Nu-----------mbe-----------rs$-----------$9 -----------pre-----------fer-----------red----------- st-----------ock-----------, $-----------100----------- pa-----------r, -----------5,0-----------00 -----------sha-----------res----------- is-----------sue-----------d a-----------nd -----------out-----------sta-----------ndi-----------ngÂ----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â -----------  ----------- Â----------- Â ----------- Â----------- Â ----------- A-----------ddi-----------tio-----------nal----------- pa-----------id------------in -----------cap-----------ita-----------l o-----------n p-----------ref-----------err-----------ed -----------sto-----------ckÂ----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Â ----------- Â----------- Co-----------mmo-----------n s-----------toc-----------k,
Not Rated(0)