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Sigma Corporation issued convertible bonds worth $2,000,000 with a 5% interest rate. If the bonds convert to 100,000 shares, calculate the diluted earnings per share
- Sigma Corporation issued convertible bonds worth $2,000,000 with a 5% interest rate. If the bonds convert to 100,000 shares, calculate the diluted earnings per share if the net income is $500,000 and discuss the impact on the income statement.
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
