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plese ans the question During Year S. Benny Corp. had 200,000 common shares outstanding for Quiz navigation the full year. Market prices of the common

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During Year S. Benny Corp. had 200,000 common shares outstanding for Quiz navigation the full year. Market prices of the common shares during Year 5 were: Further January 1: $45; Year's average: $50; December 31: $52. Instructions Benny's income tax rate is 40%. During Year S, there were: 1. 40.000 outstanding stock options to buy common shares at $40 a share. Part A: Multiple 2. $3,000,000 of 6% convertible bonds issued at par. Each $1,000 bond Choice (40 is convertible into 20 common shares. 3. 20,000 preferred shares each paying a $3 dividend and each marks) 1 2 3 4 convertible to 1 common share. 5 6 The corporation reported $900,000 net income for Year 5. Required: 10 12 13 14 Calculate basic and diluted earnings per share for Year 5. Clearly label and show calculations for possible part marks. 15 16 17 18 19 very 20 B I U X2 x2 Part B: Long- Scanned with CamScanner I + > # Answer (60 ENG 3:40 PM IN 5/8/2020

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