The following data relate to Nevada Ltd. for the calendar year


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Jan 09, 2016. The following data relate to Nevada Ltd. for the calendar year 2014: Net income (30% tax rate) …………………………….. $3,500,000 Average number of common shares outstanding during 2014 …………………………… 1,000,000 shares 10%, cumulative convertible preferred shares: convertible into 80,000 common shares …………. $1,600,000 8% convertible bonds; convertible into 75,000 common shares ………………………………………. $2,500,000 Stock options, exercisable at $25 per share ………… 90,000 shares All the convertible securities and stock options were outstanding all year. The average market price of the common shares in 2014 was $30. Instructions Calculate: a. basic earnings per share b. diluted earnings per share. twinmomma2012
posted a question ยท Jan 09, 2016 at 5:12pm

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