DiCenta Corporation reported net income of 270,000 in 2015 and had 50,000 ordinary shares outstanding throughout the
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DiCenta Corporation reported net income of €270,000 in 2015 and had 50,000 ordinary shares outstanding throughout the year. Also outstanding all year were 5,000 shares of cumulative preference shares, each convertible into 2 ordinary shares. The preference shares pay an annual dividend of €5 per share. DiCenta’s tax rate is 40%. Compute DiCenta’s 2015 diluted earnings per share.
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Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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