Limited Time Offert Get Offer QUESTION 6 During 2018, M Co. had the following two classes of stock issued and outstanding for the entire year 2000 shares of 4% preferred stock, $100 par, convertible sharo-for-share into common stock. ars 2018 net income was S1 80 000, and its ncome tax rate for the year as 30%. In the computation of di ted earnings per share for 2018, team unt to be used in the rum erator is: $1,792,000. $1,796,000. $1,800,000. $1,802.400 QUESTION 7 If a company reports discontinued operations, EPS must be disclosed for both income from continuing operations and net income QUESTION 8 During the current year, H h or oration had 3 milion shares of common stock outstanding Five thousand S 10 6% convertible bonds were issued at face amount at the be inning of the year. High reported income before tax of $4 million and net income of $2.4 million for the year Each bond is convertible into 10 shares of common. What is diluted EPS (rounded)? $0.85 $o.86. $0.80. $0.79 20 s