Section 4: Convertible Debt - Diluted EPS (10 marks) Assuming the company issues the $20M 10% convertible debt (convertible to 100,000 common shares); if these
Section 4: Convertible Debt - Diluted EPS (10 marks)
Assuming the company issues the $20M 10% convertible debt (convertible to 100,000 common shares); if these shares are converted on July 1 in the financial year, show the following impact.
1. Diluted earnings per share (the companys tax rate is 25%)
2. The revised equity section of the companys balance sheet
Use the information from Enbridge company to expain step by step>
This is the link: 2021 Annual Report - Enbridge Inc.
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Authors: Mahmoud Ezzamel
1st Edition
0415482615, 978-0415482615
