At December 31,2024, Wildhorse Company had 800000 shares of common stock outstanding. On October 1,...
50.1K
Verified Solution
Link Copied!
Question
Accounting
At December 31,2024, Wildhorse Company had 800000 shares of common stock outstanding. On October 1, 2025. an additional 160000 shares of common stock were issued. In addition, Wildhorse had $10550000 of 5% convertible bonds outstanding at December 31,2024 , which are convertible into 366000 shares of common stock. No bonds were converted into common stock in 2025. The net income for the year ended December 31,2025 , was $2513090. Assuming an income tax rate of 30%, diluted earnings per share for the year ended December 31, 2025 is $2.52. $3.43. $2.08. $2.39
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.