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Cumulative Spreadsheet Analysis This assignment is a detailed examination of Skywalker’s pension related items. As of December 31, 2008, the $253 in “Other long term liabilities” reported by Skywalker (see Chapter 13) included an amount for a net pension liability. In...

Stock Options Issued During the Year Refer to Practice 18–5. Assume that the options were issued on September 1 instead of being outstanding throughout the year. Compute diluted earnings per share, assuming that (1) the average stock price for the year and for the...

Convertible Preferred Stock Issued During the Year Refer to Practice 18–7. Assume that the convertible preferred stock was issued on February 1. Also assume that the issuance agreement stipulates that the preferred stockholders are entitled to their entire preferred...

Convertible Bonds Issued During the Year Refer to Practice 18–9. Assume that the convertible bonds were issued on October 1. Compute diluted earnings per share, assuming that (1) each bond was convertible into 50 shares of common stock and (2) each bond was...

EPS and Financial Statement Presentation The income statement for the company is as follows:...

Comprehensive Calculation of Diluted EPS Refer to Practice 18–16. Assume that the company issued 25,000 new shares of common stock on June 1 and that the company issued a 2 for 1 stock split on December 1.Compute (1) basic EPS and (2) diluted EPS. (Note: The shares in...

Weighted Average Number of Shares Compute the weighted average number of shares outstanding for Troy Company, which has a simple capital structure, assuming that the following transactions in common stock occurred during the calendar year.     Number of...

Weighted Average Number of Shares Transactions involving the common stock account of Higrade Gas Company during the 2 year period 2008 to 2009 were as follows: 2008 Jan. 1 Had a balance of 200,000 shares of $10 par common stock. Apr. 1 Converted $2,500,000 of...

Basic Earnings per Share—Simple Capital Structure At December 31,2008,Munter Corporation had 50,000 shares of common stock issued and outstanding, 30,000 of which had been issued and outstanding throughout the year and 20,000 of which had been issued on October 1,...