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Assume the following facts. Parent owns 90% of Subsidiary. The table summarizes select information for the current year. Parent | Subsidiary $ 200,000 Net income
Assume the following facts. Parent owns 90% of Subsidiary. The table summarizes select information for the current year. Parent | Subsidiary $ 200,000 Net income on separate records. *Parent net income does NOT include equity in income of Subsidiary. Shares of common stock outstanding throughout the year Dividends paid on common stock Convertible bonds Shares of convertible preferred stock. Parent pays $3 per share annual dividend for the current year. Preferred stock is convertible to 7,500 shares of common stock. $ 80,000 10,000 $ 3.000 40,000 $ 5,000 none none 5,000 none On paper, compute Basic EPS as it would appear on the consolidated income statement for the current year. 1. What is the numerator in your computation? (Just the final amount, not the work.) 2. What is the denominator in your computation ? (Just the final amount, not the work.) On paper, compute diluted EPS as it would appear on the consolidated income statement for the current year. 1. What is the numerator in your computation? (Just the final amount, not the work.) 2. What is the denominator in your computation ? (Just the final amount, not the work.) Do not include any words or punctuation in your answers. Each answer is just a single amount
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