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Accounting版 - 第 34 题 OF 2011 AICPA Newly Released Questions – Financial
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求一道书本上的题目的解释FAR这题为何不用weighted average算shares of common stock,而是直接加呢?
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相关话题的讨论汇总
话题: 000话题: shares话题: common
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a*******n
发帖数: 48
1
Why does the WASCO of BASIC EPS have the the Conversion of preferred share?
The Convrsion of preferred share is for the denominator of Diluted EPS as
far as I know. Right?
34.
Chape Co. had the following information related to common and preferred
shares during the year:
Common shares outstanding, 1/1, 700,000
Common shares repurchased, 3/31, 20,000
Conversion of preferred shares, 6/30, 40,000
Common shares repurchased, 12/1, 36,000
Chape reported net income of $2,000,000 at December 31. What amount of
shares should Chape use as the denominator in the computation of basic
earnings per share?
a. 684,000
b. 700,000
c. 702,000
d. 740,000
Solution:
Choice "c" is correct. When computing the weighted average number of common
shares outstanding (WACSO), shares issues, repurchased or converted must be
time-weighted for the number of months outstanding:
• The 20,000 common shares repurchased (treasury stock) on 3/31 were
only
outstanding for 9 months.
• The conversion of 40,000 preferred shares on 6/30 were only
outstanding for
6 months.
• The 36,000 common shares repurchased (treasury stock) on 12/1 were
only
outstanding for 1 month.
1/1 700,000 x 12/12 = 700,000
3/31 20,000 x 9/12 = (15,000)
6/30 40,000 x 6/12 = 20,000
12/1 36,000 x 1/12 = (3,000)
WACSO = 700,000 – 15,000 + 20,000 – 3,000 = 702,000 shares
c*****a
发帖数: 1577
2
俱乐部回你了
1 (共1页)
进入Accounting版参与讨论
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请问:CPA(china)怎样学习US GAAP如何准备CPA考试我有好多问题要问啊
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AICPA[出售]2017版 Becker aicpa share ,2017年全新界面
Job Opportunity: International Tax Director请大家帮忙看看这道折磨人的题目呢
求一道书本上的题目的解释FAR这题为何不用weighted average算shares of common stock,而是直接加呢?
Please help--how to solve this released cpa finance problem请教一道FAR的有关计算basic EPS的分母WA的问题
FAR 2010 Becker Released question 13乱弹CPA考试准备经验
问个问题:two methods of computing P/E ratio?会计新手问:US GAAP 和 IFRS 的区别大吗,听说...
相关话题的讨论汇总
话题: 000话题: shares话题: common