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Question 6 3 pts In 2021, Adams Co. issued 700, $1,000 par value, 8% convertible bonds. Each bond was convertible into 25 shares of the

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Question 6 3 pts In 2021, Adams Co. issued 700, $1,000 par value, 8% convertible bonds. Each bond was convertible into 25 shares of the company's $30 par value common stock. In 2022, the company had net income of $269,796, and 130,000 common shares were outstanding. Assume a 30% tax rate. What is Adams' diluted earnings per share for 2022? (Round to the nearest 2 decimal places: X.XX) > Question 7 2.5 pts In 2020, XYZ Company had pretax financial income of $200,000, and taxable income of $220,938. The difference between financial and taxable income was expected to reverse equally in 2021 and 2022. The enacted tax rate was 35% for 2020 and 25% for 2021 and 2022. At the end of 2020, XYZ should recognize $ deferred taxes. (Round to the nearest whole number. Enter a positive number for a deferred tax asset or a negative number for a deferred tax liability)

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