Question
DiCenta Corporation reported net income of $286,000 in 2014 and had 59,900 shares of common stock outstanding throughout the year. Also outstanding all year were
DiCenta Corporation reported net income of $286,000 in 2014 and had 59,900 shares of common stock outstanding throughout the year. Also outstanding all year were 6,450 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. DiCentas tax rate is 36%.
Compute DiCentas 2014 diluted earnings per share.
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CISA Certified Information Systems Auditor Study Guide Aligned With The CISA Review Manual 2019 To Help You Audit Monitor And Assess Information Systems
Authors: Hemang Doshi
1st Edition
1838989587, 978-1838989583
