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Q6. Please show all steps to make the question worth any marks The following information is available for Symac Ltd., a company whose shares are
Q6. Please show all steps to make the question worth any marks
The following information is available for Symac Ltd., a company whose shares are traded on the Toronto Stock Exchange (TSE): Transactions in common shares during 2014: For all of the fiscal year 2014, $100,000 of 7% cumulative convertible bonds have been l. outstanding. The bonds were issued at par and are convertible into a total of 20,000 common shares at the option of the holder, and at any time after issuance. Stock options for 59, 530 common shares have been outstanding for the entire 2014 fiscal year, and are exercisable at the option price of $4.64 per share. No options were yet exercised by the end of 2014. For all of the fiscal year 2014, 5,000 of $2 cumulative convertible preferred shares have been outstanding. The preferred shares are convertible into a total of 40,000 common shares at the option of the holder, and at any time after January 2019. (round final EPS answers to the nearest two decimal places) Calculate basic and diluted earnings per share (EPS) amounts for the year ended December 31 2014, including all required disclosures. For simplicity, ignore the IFRS requirement to record the debt and equity components of the bonds separatelyStep by Step Solution
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