Find Basic and diluted EPS NI= 50,000 COMM SHARES=10,000 PREF SHARES=2,000 SH, $8, CUMULATIVE, CONVERTIBLE INTO 3
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Find Basic and diluted EPS
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NI= 50,000 COMM SHARES=10,000 PREF SHARES=2,000 SH, $8, CUMULATIVE, CONVERTIBLE INTO 3 SH COMM FOR EACH SH PREFERRED B/P= $9,000, 10%, ISSUED JULY 1ST, CONVERTIBLE INTO 3,000 SH COMM CONTINGENT SHARES: WE MUST ISSUE 7,000 SHARES IN 2030 IF WE THEN EARN 40,000 TAX RATE=.25 FIND BASIC AND DILUTED EPS NI= 50,000 COMM SHARES=10,000 PREF SHARES=2,000 SH, $8, CUMULATIVE, CONVERTIBLE INTO 3 SH COMM FOR EACH SH PREFERRED B/P= $9,000, 10%, ISSUED JULY 1ST, CONVERTIBLE INTO 3,000 SH COMM CONTINGENT SHARES: WE MUST ISSUE 7,000 SHARES IN 2030 IF WE THEN EARN 40,000 TAX RATE=.25 FIND BASIC AND DILUTED EPS
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To calculate basic EPS we need to divide the net income available to common shareholders by the weighted average number of common shares outstanding d... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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