Man Inc. have 1 0 0 , 0 0 0 common shares outstanding. Earnings from continuing operations
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Question:
Man Inc. have common shares outstanding. Earnings from continuing operations amounted to $after tax for the year ended December X Hominems income tax rate is The company had no discontinued operations. At the end of X the market price of the companys common shares was $ Hominem had these additional components in its capital structure at the end of the year:
cumulative preferred shares outstanding since X; each share is entitled to an annual dividend of $ per share and is convertible into five shares of common after June X
debentures amounting to $ were issued on JanuaryX On this issue date, the bonds were recorded at $ The debentures are convertible into shares per $ On JanuaryX similar bonds with no conversion options had a market yield of Interest is payable annually.
Outstanding options permitting the holder to buy common shares in X or later for $per share.
Assume that Hominem Inc. had a loss on discontinued operations of $after tax
Required:
Compute diluted EPS on continuing operations. Do not round intermediate calculations and round your answer to decimal places.
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781260881240
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
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