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abc has net income of $1,500,00 and tax rate of 29% for 2020. The outstanding number of shares during the year of 400,000 shares. The
abc has net income of $1,500,00 and tax rate of 29% for 2020. The outstanding number of shares during the year of 400,000 shares. The company issued $1,800,000 par value of 10 years, 6.8% convertible bonds on 1/1/2018 at par. The convertible bonds are convertible into 70,000 shares of common stock.
what's Basic Earnings per Share and Diluted earnings per share.
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