Kieso, Intermediate Accounting, 12CE, Volume 2 Help System Announcements PRINTER VERSION BACK NEX In 2019, Carla Vista Ltd. issued $50,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $70,400 and expenses of $36,400 for 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted on redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) (a) Your answer is correct. 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 su SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used (b) x Your answer is incorrect. Try again. Assume that the 50 bonds were issued on October 1, 2020 (rather than in 2019), and that none have been converted or redeemed. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) 11.54 Diluted earnings per share