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On January 2, 2018, Ava Co. issued at face value $94000 of 9% bonds convertible in total into 11790 shares of Ava's common stock. No

On January 2, 2018, Ava Co. issued at face value $94000 of 9% bonds convertible in total into 11790 shares of Ava's common stock. No bonds were converted during 2018. Throughout 2018, Ava had 10,000 shares of common stock outstanding. Ava's 2018 net income was $91972. The income tax rate is 25%. No potential common shares other than the convertible bonds were outstanding during 2018. The denominator in the diluted earnings per share calculation for 2018 would be: $
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On January 2, 2018, Avs Co issued at face value $4000 of one bends convertible in tot into 11700 shares of Avar's common stock. No bonds were committed during 2016 Throughout 2018. Ava nad 10.000 shares of common stock outstanding Avia's 2018 niet income was 501972. The income tax rates 250 No potential common shares other than the convertible bonds were outstanding dung 2018 The denominator in the diluted earnings pet shore calculation for 2018 would be $ Selected Answer (None Given Correct Answer 21.790

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