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Austin products eported 360,000 net income for the year with 100,000 common shares outstanding all year. Austin also had 22,000 shares of $100 8% convertible
Austin products eported 360,000 net income for the year with 100,000 common shares outstanding all year. Austin also had 22,000 shares of $100 8% convertible Each preferred share is convertible into 10 shares of common stock. Determine the numerator for both basic and diluted EPS.
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