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On June 1 , 2 0 2 3 , Blue Company and Kingbird Company merged to form Oriole Inc. A total of 7 5 7
On June Blue Company and Kingbird Company merged to form Oriole Inc. A total of shares were issued to complete the merger. The new corporation reports on a calendaryear
basis.
On April the company issued an additional shares of stock for cash. All shares were outstanding on December
Oriole Inc. also issued $ of year, convertible bonds at par on July Each $ bond converts to shares of common and any interest date. None of the bonds have
converted to date.
Oriole Inc. is preparing its annual report for the fiscal year ending December The annual report will show earnings per share figures based upon a reported aftertax net income of
$The tax rate is
Determine the following for
a The number of shares to be used for calculating: Round answers to decimal places, eg
Basic earnings per share
shares
Diluted earnings per share
shares
b The earnings figures to be used for calculating: Round answers to decimal places, eg
Basic earnings per share $
Diluted earnings per share $
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