Calculate Diluted EPS with a Complex Capital Structure: Given: Net Income =$500,000; Average Common Shares Outstanding =200,000;
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Calculate Diluted EPS with a Complex Capital Structure:
Given: Net Income =$500,000; Average Common Shares Outstanding =200,000; Convertible Preferred Shares =20,000 (each convertible into 1 common share); Convertible Bonds (after-tax interest) =$50,000 (convertible into 25,000 common shares); Stock Options =10,000 (each option can be converted into 1 common share at $15, current market price is $30 ).
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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