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Ignatius Corporation had 13 million shares of common stock outstanding during the current calendar year. It issued 24,000, $1

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Answer #1

Basic earning per share = (Net income-Preferred dividend)/Share outstanding = (34-0.72)/13 = 2.56

Diluted earning per share = Adjusted net income/Adjusted shares = (34-.0.72+1.728)/14.20 = 2.47

So answer is b) Option B

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