Deweyville Company had 200,000 shares of common stock and 10,000 shares of cumulative, $6 preferred stock outstanding
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Deweyville Company had 200,000 shares of common stock and 10,000 shares of cumulative, $6 preferred stock outstanding during 20X1. The preferred stock is convertible at the rate of 20 shares of common per share of preferred. For 20X1, the company had net income of $160,000 and declared no dividends. What should Granger report for the 20X1 diluted earnings per share?
Related Book For
Cost Management Measuring Monitoring And Motivating Performance
ISBN: 9781118168875
2nd Canadian Edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
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