Rockland SA reported net income of R$300,000 in 2022 and had 100,000 ordinary shares outstanding throughout the
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Rockland SA reported net income of R$300,000 in 2022 and had 100,000 ordinary shares outstanding throughout the year. Also outstanding all year was R$800,000 of 10% bonds, which are convertible into 16,000 ordinary shares. The interest expense on the liability component of the convertible bonds was R$64,000. Rockland’s tax rate is 40%. Compute Rockland’s 2022 diluted earnings per share.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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