Thiessen Corporation earned net income of $ 3 0 0 , 0 0 0 in 2 0

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Question:

Thiessen Corporation earned net income of $

300, 000

2023

and had

100, 000

common shares outstanding throughout the year. Also outstanding all year was $

800, 000

10 %

bonds that are convertible into

26, 000

common shares. Thiessen

s tax rate is

25 % .

assume that the

10 %

bonds are convertible into

10, 000

common shares. Calculate Thiessen

2023

diluted earnings per share. Round to the nearest cent.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1119048541

11th Canadian edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

See More Books

Posted Date: Apr 23, 2024 03:54 AM

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Thiessen Corporation earned net income of $ 3 0 0 , 0 0 0 in 2 0

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Expert Answer:

To calculate Thiessen Corporations diluted earnings per share EPS for 2023 we need to consider the i... View the full answer

Intermediate Accounting

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