Rockland Corporation earned net income of $300,000 in 2025 and had 100,000 shares of common stock outstanding
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Rockland Corporation earned net income of $300,000 in 2025 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5% bonds, which are convertible into 16,000 shares of common. Rockland’s tax rate is 20%. Compute Rockland’s 2025 diluted earnings per share.
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Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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