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At December 31, 2024, Ivanhoe Company had 1190000 shares of common stock outstanding. On October 1, 2025, an additional...

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At December 31, 2024, Ivanhoe Company had 1190000 shares of common stock outstanding. On October 1, 2025, an additional 390000 shares of common stock were issued. In addition, Ivanhoe had $13960000 of 5% convertible bonds outstanding at December 31, 2024 that are convertible into 805000 shares of common stock. No bonds were converted into common stock in 2025. The net income for the year ended December 31, 2025, was $5286700. Assuming an income tax rate of 30%, what is diluted earnings per share for the year ended December 31, 2025?

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To calculate the diluted earnings per share EPS for the year ended December 31 2025 we need to consi View the full answer


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Intermediate Accounting

Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Details
Chapter # 15
Section: Problems
Problem: 6
Posted Date: August 31, 2023 07:10:23
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