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On June 1 , 2 0 2 3 , Skysong Company and Concord Company merged to form Marigold Inc. A total of 7 6 9
On June Skysong Company and Concord Company merged to form Marigold 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
Marigold Inc. also issued $ of year, convertible bonds at par on July Each $ bond converts to shares of
common at any interest date. None of the bonds have been converted to date.
Marigold 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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