Question: plese ans the question During Year S. Benny Corp. had 200,000 common shares outstanding for Quiz navigation the full year. Market prices of the common

plese ans the question

plese ans the question During Year S. Benny Corp. had 200,000 common

During Year S. Benny Corp. had 200,000 common shares outstanding for Quiz navigation the full year. Market prices of the common shares during Year 5 were: Further January 1: $45; Year's average: $50; December 31: $52. Instructions Benny's income tax rate is 40%. During Year S, there were: 1. 40.000 outstanding stock options to buy common shares at $40 a share. Part A: Multiple 2. $3,000,000 of 6% convertible bonds issued at par. Each $1,000 bond Choice (40 is convertible into 20 common shares. 3. 20,000 preferred shares each paying a $3 dividend and each marks) 1 2 3 4 convertible to 1 common share. 5 6 The corporation reported $900,000 net income for Year 5. Required: 10 12 13 14 Calculate basic and diluted earnings per share for Year 5. Clearly label and show calculations for possible part marks. 15 16 17 18 19 very 20 B I U X2 x2 Part B: Long- Scanned with CamScanner I + > # Answer (60 ENG 3:40 PM IN 5/8/2020

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