Plymouth Company holds a 90% interest in Savannah, Inc., which was acquired in a previous year. As of the end of the current fiscal period, the following information is available:
Assume a 50% treasury stock method effect on the stock warrants
Required:
Compute consolidated basic and diluted earnings per share for the current year; ignore income taxes.

Question

Plymouth Company holds a 90% interest in Savannah, Inc., which was acquired in a previous year. As of the end of the current fiscal period, the following information is available:
  Assume a 50% treasury stock method effect on the stock warrants
Required:
Compute consolidated basic and diluted earnings per share for the current year; ignore income taxes.

Quizplus · Accepted Answer

The Answer of Plymouth Company holds a 90% interest in Savannah, Inc., which was acquired in a previous year. As of the end of the current fiscal period, the following information is available:
  Assume a 50% treasury stock method effect on the stock warrants
Required:
Compute consolidated basic and diluted earnings per share for the current year; ignore income taxes.

Plymouth Company Holds a 90% Interest in Savannah, Inc