Question
Owl Corp. earned net income of $560,000 in 2023 and had 100,000 common shares outstanding throughout the year. Also outstanding all year was $400,000 of
Owl Corp. earned net income of $560,000 in 2023 and had 100,000 common shares outstanding throughout the year. Also outstanding all year was $400,000 of 10% bonds that are convertible into 22,000 common shares. Owl Corp.s tax rate is 35%. What is Owl Corp.s 2023 diluted earnings per share? a. $4.59 b. $4.80 c. $5.60 d. $5.86
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Standard For Auditing Computer Applications
Authors: Martin A. Krist
2nd Edition
0849399831, 978-0849399831
