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On January 1, 2014, Green Company issued i5-year, ssooooooo face value: 4% convert ble prefered to. at par. Each $1,000 preferred stock is convertible into
On January 1, 2014, Green Company issued i5-year, ssooooooo face value: 4% convert ble prefered to. at par. Each $1,000 preferred stock is convertible into 20 shares of Green's common stock. None of the preferred stocks were converted in 2014. Green's net income in 2014 was $8,680,000, and its tax rate was 30%. The company had 2,650,000 shares of common stock issued and outstanding throughout 2014 Compute diluted earnings pr share for 2014. BasicEps BASIL EeS 2.52 359
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