Question
Marigold Corp., has 4210000 shares of common stock outstanding on December 31, 2017. An additional 796000 shares of common stock were issued on April 1,
Marigold Corp., has 4210000 shares of common stock outstanding on December 31, 2017. An additional 796000 shares of common stock were issued on April 1, 2018, and 394000 more on July 1, 2018. On October 1, 2018, Marigold issued 20300, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2018. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively?
5004000 and 5004000
5004000 and 5105500
5405500 and 6205500
5004000 and 5405500
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