Im , Incorporated had 6 4 , 0 0 0 shares of common stock outstanding at January

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Question:

,

Incorporated had

64, 000

shares of common stock outstanding at January

1, 2024 .

On March

31, 2024,

an additional

13, 600

shares were sold for cash. Im also had $

5, 400, 000

6 %

convertible bonds outstanding throughout the year. The bonds are convertible into

54, 000

shares of common stock. Net income for the year was $

365, 000 .

The tax rate is

25 % .

Required:

Compute basic and diluted earnings per share for the year ended December

31, 2024 .

Note: Round your answers to

2

decimal places.

Posted Date: May 11, 2024 04:03 AM

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Im , Incorporated had 6 4 , 0 0 0 shares of common stock outstanding at January

Question:

Expert Answer:

Im Inc Earnings per Share For the Year Ended December 31 2024 Basic EPS Numerator Net Income 36... View the full answer

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