1 w cffect will the issue of common stock have on camnings per share? No effect Increase numerator and decrease denomina Le Co had 600,000 shares of common stock outstanding on January 1, iswed 14,000 shares on May 1, purchased 42,000 shares of treasury stock on September 1, and issued 36,000 shares on November 1. The weighted average shares outstanding for the years 634,000 648,000 62.000 676,000 At December 31, 2017. Meyer Company had 500 000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2017 Net income for the year ended December 31, 2017, was $510,000. What would be Meyer's 2011 earnings per common share, rounded to the nearest penny? a $1.02 $1 27. C $1.20. d. $1.13 Bush Inc. had the following capital structure during 2014 Convertible Preferred stock, $10 par, 4% noncumulative 25,000 shares issued & outstanding, convertible to 2 shares of common Common stock, $5 par. 200.000 shares issued & outstanding Bush had $500,000 net income for 2014 and paid the preferred dividends. What amount should Bush report as diluted EPS? $2.00 b. $2.45 $2.50 d. $2.55