In class questions -- Earnings per Share

In class questions -- Earnings per Share - COMMERCE 450...

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COMMERCE 450 FALL 2011 QUESTIONS FOR CLASS DISCUSSION EARNINGS PER SHARE QUESTION 1 At December 31, 2006, Falcon Ltd. had the following items in shareholders’ equity: Preferred shares, Class A, nonvoting, cumulative, par $10, $2 dividend per share, 100,000 authorized, 50,000 issued. .................... Preferred shares, Class B, voting, cumulative, par $15, $3 dividend per share, convertible at the rate of one preferred share to five common shares; 200,000 authorized, 80,000 issued . ............................. Common shares, voting; 1,000,000 authorized, 600,000 issued . ................ Retained earnings (deficit). .......................................................................... $ 500,000 1,200,000 5,357,000 (2,394,000) 4,663,000 At December 31, 2006 the following were disclosed in notes or other parts of the balance sheet: There were two common share stock options outstanding: $15 per share exercise price and 50,000 shares, currently exercisable $17 per share exercise price and 120,000 shares, able to be exercised after January 1, 2008
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This note was uploaded on 12/10/2011 for the course COMM 450 taught by Professor Jackes during the Spring '10 term at The University of British Columbia.

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In class questions -- Earnings per Share - COMMERCE 450...

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