During 2021, Getaway declared and paid $2,000 in cash dividends on its nonconvertible preferred stock. Getaway also
Fantastic news! We've Found the answer you've been seeking!
Question:
During the current year, High Corporation had 3 million shares of common stock outstanding. $5,000,000 of 6% convertible bonds were issued at face amount at the beginning of the year. High reported income before tax of $4 million and net income of $3 million for the year. The bonds are convertible into 625,000 shares of common.
What is diluted EPS (rounded)?
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date: