Ignatius corporation had 7 million shares of common stock outstanding during the current calendar year. it issued ten thousand $1,000, convertible bonds on january 1. each bond is convertible into 50 shares of common stock. the bonds were issued at face amount and pay interest quarterly at an annual rate of 10%. on june 30, ignatius issued 100,000 shares of $100 par 6% cumulative preferred stock. dividends are declared and paid semiannually. ignatius has an effective tax rate of 40%. ignatius would report the following eps data (rounded) on its net income of $20 million: basic eps - diluted epsa. 2.77 - 2.67b. 2.81 - 2.71c. 2.85 - 2.67d. 2.81 - 2.68

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?