Question
During all of the year just ended, Fox Co. had outstanding 100,000 shares of common stock and 5,000 shares of cumulative, 5%, $100 preferred stock.
During all of the year just ended, Fox Co. had outstanding 100,000 shares of common stock and 5,000 shares of cumulative, 5%, $100 preferred stock. Each share of the latter is convertible into six shares of common. For the year, Fox had $250,000 income from continuing operations and a $375,000 loss from discontinued operations; no dividends were paid or declared. For its diluted earnings per share calculation, what amounts would Fox add to its basic earnings per share numerator and denominator, respectively?
Group of answer choices
$ 0 and $30,000
$25,000 and $30,000
$25,000 and $130,000
$ 0 and $130,000
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