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Poppy Corporation owns 6 0 percent of Seed Company's common shares. Balance sheet data for the companies on December 3 1 , 2 0 2
Poppy Corporation owns percent of Seed Company's common shares. Balance sheet data for the companies on December
are as follows:
The bonds of Poppy Corporation and Seed Company pay annual interest of percent and percent, respectively. Poppy's bonds are
not convertible. Seed's bonds can be converted into shares of its company stock any time after January X An income tax
rate of percent is applicable to both companies. Seed reports net income of $ for and pays dividends of $
Poppy reports income from its separate operations of $ and pays dividends of $
Required:
Compute basic and diluted EPS for the consolidated entity for
Note: Round your answers to decimal places.
Answer is complete but not entirely correct.
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