Hora Corporation has three potentially dilutive securities.Net income for the year is $500,000 and the weighted average common shares outstanding is 200,000 shares.Computation of the antidilution sequencing recorded the following:
Required: Write the basic equation for EPS and compute basic EPS.Determine the order of entry into the diluted EPS computation.Compute diluted EPS and show all computations to determine your final answer.Prepare all required disclosures for the income statement.

Question

Hora Corporation has three potentially dilutive securities.Net income for the year is $500,000 and the weighted average common shares outstanding is 200,000 shares.Computation of the antidilution sequencing recorded the following:
  Required: Write the basic equation for EPS and compute basic EPS.Determine the order of entry into the diluted EPS computation.Compute diluted EPS and show all computations to determine your final answer.Prepare all required disclosures for the income statement.

Quizplus · Accepted Answer

The Answer of Hora Corporation has three potentially dilutive securities.Net income for the year is $500,000 and the weighted average common shares outstanding is 200,000 shares.Computation of the antidilution sequencing recorded the following:
  Required: Write the basic equation for EPS and compute basic EPS.Determine the order of entry into the diluted EPS computation.Compute diluted EPS and show all computations to determine your final answer.Prepare all required disclosures for the income statement.

Hora Corporation Has Three Potentially Dilutive Securities