In 2019, Cullumber Ltd. issued $48,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $74,200 and expenses of $42,400 for 2020, not including interest and taxes (assume a tax rate of 25%). Throughout 2020, 1,600 common shares were outstanding, and none of the bonds were converted or redeemed.

 

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Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share sl LINK TO TEXT Assume that the 42 bonds were isued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted eamings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $l LINK TO TEXT Assume the bonds were issued in 2019. Assume that 12 of the 42 bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share s Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share sl LINK TO TEXT Assume that the 42 bonds were isued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted eamings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $l LINK TO TEXT Assume the bonds were issued in 2019. Assume that 12 of the 42 bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share s

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341 diluted earning per share Stepbystep explanation COMPUTATION FOR DILUTED EARNING PER SHARE FIRST ... View the full answer