(TCO A) Sharon Inc. issued to its existing common stockholders 1000 warrants.
Question # 00240815
Posted By:
Updated on: 04/05/2016 07:29 PM Due on: 05/05/2016
(TCO A) Sharon Inc. issued to its existing common stockholders 1000 warrants. Each warrant entitles the stockholder to purchase 2 shares of common stock at a price of $5 each. The common stock of the company is selling in the stock exchange at $10 each. If Wonderful has 29,000 shares of common stock outstanding throughout the year and its Net Income is $12,000 after paying the preferred dividends, what will be the dilutive EPS of Wonderful incorporation under treasury stock method? Round your answer to two decimal points.
-
Rating:
/5
Solution: (TCO A) Sharon Inc. issued to its existing common stockholders 1000 warrants.