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If a company has a Net Income of $75,000, the preferred dividends is $5,000. The common shares outstating were 10,000. The company has a debt
If a company has a Net Income of $75,000, the preferred dividends is $5,000. The common shares outstating were 10,000. The company has a debt of convertible bonds that worth $50,000 at 8% interest. The debt is convertible into 5,000 shares and the Tax Rate is 40%. Required: Calculate the Basic EPS and the Diluted EPS of this company
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
