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Current Attempt in Progress Sheffield Corp., has 4220000 shares of common stock outstanding on December 31, 2020. An additional 795000 shares of common stock
Current Attempt in Progress Sheffield Corp., has 4220000 shares of common stock outstanding on December 31, 2020. An additional 795000 shares of common stock were issued on April 1, 2021, and 396000 more on July 1, 2021. On October 1, 2021, Sheffield issued 20000, $1,000 face value. 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2021 What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively? O 5014250 and 5014250 5014250 and 5114250 O 5014250 and 5414250 O 5414250 and 6214250 Save for Later Attempts: 0 of 1 used Submit Acower
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