The following information has been obtained from the mastic corporation: 550,000 shares of common stock were outstanding on january 1, 2018. bonds convertible into 50,000 shares of common stock were issued on july 1, 2018; the bonds have been determined to be dilutive. 36,000 shares of common stock were issued on november 1, 2018. 24,000 shares of common stock were purchased on december 1, 2018.what is the weighted average number of shares to be used in the calculation of diluted earnings per share for 2018?

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.