12/4/21, 3:15 PM BV, EPS, and Share-based Compensation: 1ST 21-22 Acctg 4 Intermediate Accounting 2
BV, EPS, and Share-based Compensation
Due Dec 4 at 6pm Points 55 Questions 43
Available Nov 30 at 2pm - Dec 4 at 6pm 4 days Time Limit 240 Minutes
Attempt History
Attempt Time Score
LATEST Attempt 1 185 minutes 44 out of 55
Score for this quiz: 44 out of 55
Submitted Nov 30 at 10:17pm
This attempt took 185 minutes.
Question 1 pts
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible
preferred stock, and $1,000,000 of 7.5% convertible bonds outstanding during
2013. The preferred stock is convertible into 40,000 shares of common stock.
During 2013, Hanson paid dividends of $.90 per share on the common stock and
$3 per share on the preferred stock. Each $1,000 bond is convertible into 45
shares of common stock. The net income for 2013 was $600,000 and the income
tax rate was 30%. Basic earnings per share for 2013 is (rounded to the nearest
penny)
$ 2.20
$ 2.51
Correct! $ 2.70
$ 2.42
Question 2 pts
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,12/4/21, 3:15 PM BV, EPS, and Share-based Compensation: 1ST 21-22 Acctg 4 Intermediate Accounting 2
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible
preferred stock, and $1,000,000 of 7.5% convertible bonds outstanding during
2013. The preferred stock is convertible into 40,000 shares of common stock.
During 2013, Hanson paid dividends of $.90 per share on the common stock and
$3 per share on the preferred stock. Each $1,000 bond is convertible into 45
shares of common stock. The net income for 2013 was $600,000 and the income
tax rate was 30%. Diluted earnings per share for 2013 is (rounded to the nearest
penny)
$ 2.11
$ 2.08
$ 2.50
Correct! $ 2.29
Question 3 pts
The equity balances of Memory Company as of the end of the reporting period are:
Ordinary share capital, P100 par 360,000
P36,000,000
shares
Subscription ordinary share capital, 60,000
6,000,000
shares
Treasury shares, 20,000 shares, at cost 3,000,000
Retained earnings 10,000,000
The book values per share of ordinary is
Correct! 122.50
125.00
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,12/4/21, 3:15 PM BV, EPS, and Share-based Compensation: 1ST 21-22 Acctg 4 Intermediate Accounting 2
117.50
130.00
Question 4 pts
Equity balances of Leslie Company as of the end of the reporting period follow:
12% preference share capital, 200,000 shares,
P20,000,000
par P100
Ordinary share capital, 500,000 shares, par
50,000,000
P100
Share premium 10,000,000
Retained earnings 15,000,000
The preference shares have a call price of 130, a liquidation price of 115 and
dividends have not been paid for 3 years. The book value per share of preference
share should be
P 112
Correct! P 127
P 151
P 115
Question 5 pts
On December 31, 2010 Bailey Company had 50,000, P50 par value, ordinary
shares outstanding and 30,000, P100 par value, 10% noncumulative preference
shares. The current market price of the ordinary share is P80 per share and total
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, 12/4/21, 3:15 PM BV, EPS, and Share-based Compensation: 1ST 21-22 Acctg 4 Intermediate Accounting 2
shareholders’ equity amounted to P10,000,000. The preference share
shareholders have a liquidation preference of P150 per share. No dividends on
preference shares were declared on December 31, 2010. The book value per
share of ordinary should be
Correct! P 110
P 200
P 104
P 140
Question 6 pts
The shareholders’ equity of Gloomy Company on December 31, 2010 consisted of
the following:
Preference share capital, P100 par value, 12%
P 5,000,000
annual dividend
Ordinary share capital, P100 par 15,000,000
Share premium 3,000,000
Retained earnings 4,000,000
The preference share is noncumulative and nonparticipating with a liquidation
value of P120 per share. Preference dividends have been paid up to December 31,
2010. What is the book value per share of ordinary?
P 136.00
You Answered P 142.67
Correct Answer P 140.00
P 146.67
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BV, EPS, and Share-based Compensation
Due Dec 4 at 6pm Points 55 Questions 43
Available Nov 30 at 2pm - Dec 4 at 6pm 4 days Time Limit 240 Minutes
Attempt History
Attempt Time Score
LATEST Attempt 1 185 minutes 44 out of 55
Score for this quiz: 44 out of 55
Submitted Nov 30 at 10:17pm
This attempt took 185 minutes.
Question 1 pts
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible
preferred stock, and $1,000,000 of 7.5% convertible bonds outstanding during
2013. The preferred stock is convertible into 40,000 shares of common stock.
During 2013, Hanson paid dividends of $.90 per share on the common stock and
$3 per share on the preferred stock. Each $1,000 bond is convertible into 45
shares of common stock. The net income for 2013 was $600,000 and the income
tax rate was 30%. Basic earnings per share for 2013 is (rounded to the nearest
penny)
$ 2.20
$ 2.51
Correct! $ 2.70
$ 2.42
Question 2 pts
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,12/4/21, 3:15 PM BV, EPS, and Share-based Compensation: 1ST 21-22 Acctg 4 Intermediate Accounting 2
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible
preferred stock, and $1,000,000 of 7.5% convertible bonds outstanding during
2013. The preferred stock is convertible into 40,000 shares of common stock.
During 2013, Hanson paid dividends of $.90 per share on the common stock and
$3 per share on the preferred stock. Each $1,000 bond is convertible into 45
shares of common stock. The net income for 2013 was $600,000 and the income
tax rate was 30%. Diluted earnings per share for 2013 is (rounded to the nearest
penny)
$ 2.11
$ 2.08
$ 2.50
Correct! $ 2.29
Question 3 pts
The equity balances of Memory Company as of the end of the reporting period are:
Ordinary share capital, P100 par 360,000
P36,000,000
shares
Subscription ordinary share capital, 60,000
6,000,000
shares
Treasury shares, 20,000 shares, at cost 3,000,000
Retained earnings 10,000,000
The book values per share of ordinary is
Correct! 122.50
125.00
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,12/4/21, 3:15 PM BV, EPS, and Share-based Compensation: 1ST 21-22 Acctg 4 Intermediate Accounting 2
117.50
130.00
Question 4 pts
Equity balances of Leslie Company as of the end of the reporting period follow:
12% preference share capital, 200,000 shares,
P20,000,000
par P100
Ordinary share capital, 500,000 shares, par
50,000,000
P100
Share premium 10,000,000
Retained earnings 15,000,000
The preference shares have a call price of 130, a liquidation price of 115 and
dividends have not been paid for 3 years. The book value per share of preference
share should be
P 112
Correct! P 127
P 151
P 115
Question 5 pts
On December 31, 2010 Bailey Company had 50,000, P50 par value, ordinary
shares outstanding and 30,000, P100 par value, 10% noncumulative preference
shares. The current market price of the ordinary share is P80 per share and total
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, 12/4/21, 3:15 PM BV, EPS, and Share-based Compensation: 1ST 21-22 Acctg 4 Intermediate Accounting 2
shareholders’ equity amounted to P10,000,000. The preference share
shareholders have a liquidation preference of P150 per share. No dividends on
preference shares were declared on December 31, 2010. The book value per
share of ordinary should be
Correct! P 110
P 200
P 104
P 140
Question 6 pts
The shareholders’ equity of Gloomy Company on December 31, 2010 consisted of
the following:
Preference share capital, P100 par value, 12%
P 5,000,000
annual dividend
Ordinary share capital, P100 par 15,000,000
Share premium 3,000,000
Retained earnings 4,000,000
The preference share is noncumulative and nonparticipating with a liquidation
value of P120 per share. Preference dividends have been paid up to December 31,
2010. What is the book value per share of ordinary?
P 136.00
You Answered P 142.67
Correct Answer P 140.00
P 146.67
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