Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2017. An additional 200,000 shares are issued on April 1, 2018, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds have been converted. The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2018 is1. 5,110,000 and 3,050,000.2. 5,880,000 and 5,320,000.3. 5,110,000 and 5,170,000.4. 5,110,000 and 5,110,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2017. An additional 200,000 shares are issued on April 1, 2018, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Activity-Based Management for a Hotel Consider the following actions of a hotel chain trying to manage the costs of its check-in process. Required Match each of the process improvements listed with how it delivers cost reductions.
Answers (1)
The Metal Shop produces 2.1 million metal fasteners a year for industrial use. At this level of production, its total fixed costs are $320,000 and its total costs are $522,000.
Answers (1)
Red Onion Restaurant would classify a six-month prepaid insurance policy as: (A) Property, plant, and equipment. (B) Goodwill. (C) Investment. (D) Current asset.
Answers (1)
Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2021. The units have a list price of $760 each, but Thomas was given a 25% trade discount. The terms of the sale were 2/10, n/30.
Answers (1)
Heidi opened her first checking account. she deposited $500 into the account. list four ways heidi can withdraw money from her checking account.
Answers (2)
New Questions in Business
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers. After an year, he closed the school and joined an advertising firm.
Answers (1)
Ben learns that the company was going to be laying off several employees over the next several months. He knew that the rumor mill was going to start, and he wanted to head off mis-information and get ahead of the curve.
Answers (1)
A new investment product, housing revenue bonds, requires expertise in back-office processes, accounting policy, legal issues, and, of course, a portfolio manager's judgment on value.
Answers (2)
A potato chip manufacturer currently has a manufacturing line devoted to regular chips as well as individual lines dedicated to each variety, such as barbeque, sour cream and onion, and cheese.
Answers (1)
Which of the following is an example of procedural norms? method of making decisions format of discussion election of leaders all of the above
Answers (1)