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guys plz your appreciated help. step by step plzz Question 2 Earnings Per Share Al Turki Company had the following transactions during 2016 related sonn
guys plz your appreciated help. step by step plzz
Question 2 Earnings Per Share Al Turki Company had the following transactions during 2016 related sonn Jan. 1 Sep. 1 Nov. 30 100,000 ordinary shares issued and outstanding 48,000 ordinary shares issued for cash 9,000 ordinary shares repurchased Al-Turki Co. also had 10,000, $100 par, 6% convertible preference share, sound% throughout 2016. Each preference share is convertible into three ordinany shas AHlt also had 500, 8%, $1,000 par-value convertible bonds outstanding tinuugnur 2m6 las bond is convertible into 30 ordinary shares. The bonds soid originally ar pa Repniet a income for 2016 was $300,000 with a 40% tax rate. Preferred dividends wee decient as paid during 2016 Required: (a) Compute Basic Earnings Per Share for Al-Turki Co. a Dec 31.26 and show computationsStep by Step Solution
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