The answers are not A. 3.35 B. 45,500 or A. 3.19 B. 2.83
Homework Answers
Basic earning per share = 482300/91000 = 5.30
a) Diluted earning per share = adjusted net income/adjusted shares = (482300+2140000*6%*80%)/(91000+29960) = 4.84 per share
adjusted shares = 2140000*14/1000 = 29960
b) Diluted earning per share = 482300/(91000+45500) = 3.53 per share
Adjusted shares = 910000*5/100 = 45500
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The answers are not A. 3.35 B. 45,500 or A. 3.19 B. 2.83
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Problem 16-08
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is convertible into
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1,990,000
6% convertible, cumulative preferred stock, $100 par value;
each share is convertible
into 3 shares of common stock
3,990,000
Common stock, $10 par value
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20%
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There were no...
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The information below pertains to Novak Company for 2021.
Net income for the year
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is convertible into
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