E16-9 (Issuance of Bonds behind a while Accumulation Warrants) On May 1, 2014, Friendly Sodality conclusiond 2,000 $1,000 ties at 102. Each tie was conclusiond behind a while one detachable accumulation engage. Shortly behind issuance, the ties were selling at 98, but the clear compute of the engages cannot be secure.
(a) Prepare the archives to archives the issuance of the ties and engages. (b) Assume the similar postulates as multiply (a), negative that the engages had a clear compute of $30. Prepare the archives
to archives the issuance of the ties and engages.
E16-11 (Issuance, Exercise, and Ending of Accumulation Options) On January 1, 2015, Titania Inc. supposing accumulation options to officers and key inureees for the alienation of 20,000 divides of the sodality’s $10 par vile accumulation at $25 per divide. The options were exercisable behind a whilein a 5-year conclusion origin January 1, 2017, by grantees calm?} in the inure of the sodality, and expiring December 31, 2021. The labor conclusion for this apportion is 2 years. Assume that the clear compute option-pricing mould determines aggregate expiation charge to be $350,000.
On April 1, 2016, 2,000 options were terminated when the inureees unrepining from the sodality. The chaffer charge of the vile accumulation was $35 per divide on this end.
On March 31, 2017, 12,000 options were practiced when the chaffer charge of the vile accumulation was $40 per divide.
Prepare journal entries to archives issuance of the accumulation options, ending of the accumulation options, practice of the accumulation options, and mandible to expiation charge, for the years ended December 31, 2015, 2016, and 2017
E16-15 (Weighted-Average Sum of Shares) Newton Inc. uses a register year for financial newsing. The sodality is signed to conclusion 9,000,000 divides of $10 par vile accumulation. At no bound has Newton is- sued any hypothetically dilutive securities. Listed beneath is a abstract of Newton’s vile accumulation activities.
1. Sum of vile divides conclusiond and unappropriated at December 31, 2012 2. Shares conclusiond as a remainder of a 10% accumulation dividend on September 30, 2013 3. Shares conclusiond for specie on March 31, 2014
Number of vile divides conclusiond and unappropriated at December 31, 2014 4. A 2-for-1 accumulation sepaobjurgate of Newton’s vile accumulation took locate on March 31, 2015
2,000,000 200,000 2,000,000
(a) Compute the weighted-average sum of vile divides used in computing rights per vile divide for 2013 on the 2014 relatively allowance proposition.
(b) Compute the weighted-average sum of vile divides used in computing rights per vile divide for 2014 on the 2014 relatively allowance proposition.
(c) Compute the weighted-average sum of vile divides to be used in computing rights per vile divide for 2014 on the 2015 relatively allowance proposition.
(d) Compute the weighted-average sum of vile divides to be used in computing rights per vile divide for 2015 on the 2015 relatively allowance proposition.
E16-23 (EPS behind a while Conterminous Bonds) On June 1, 2012, Andre Sodality and Agassi Sodality merged to arrange Lancaster Inc. A aggregate of 800,000 divides were conclusiond to total the merger. The new fortification newss on a register-year basis.
On April 1, 2014, the sodality conclusiond an added 400,000 divides of accumulation for specie. All 1,200,000 divides were unappropriated on December 31, 2014.
Lancaster Inc. also conclusiond $600,000 of 20-year, 8% conterminous ties at par on July 1, 2014. Each $1,000 tie converts to 40 divides of vile at any curiosity-behalf end. None of the ties enjoy been converted to end. Lancaster Inc. is preparing its annual news for the fiscal year ending December 31, 2014. The annual news get semblance rights per divide figures based upon a newsed behind-tax net allowance of $1,540,000. (The
tax objurgate is 40%.)
Determine the aftercited for 2014.
(a) The sum of divides to be used for calculating: (1) Basic rights per divide. (2) Diluted rights per divide.
(b) The rights figures to be used for calculating: (1) Basic rights per divide. (2) Diluted rights per divide.
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