Question: Use the same information as in E17 13 except for the

Use the same information as in E17-13, except for the changes in part (c). Assume instead that 40% of the convertible bonds were converted to common shares on April 1, 2012.
Instructions
(a) Calculate Mininova’s weighted average common shares outstanding.
(b) Calculate Mininova’s basic earnings per share for 2012.
(c) Calculate Mininova’s diluted earnings per share for 2012.
(d) What do you notice about the results of the diluted earnings per share calculation when conversions occur during the year and when they do not occur?

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  • CreatedAugust 23, 2015
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