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Someone please help im stuck It is E Inc., F is a typo 5. During 2019, the weighted average number of shares of common stock
Someone please help im stuck
It is E Inc., F is a typo
5. During 2019, the weighted average number of shares of common stock outstanding for E Inc. was 1,000,000 shares During 2019, F declared and paid a $200,000 cash dividend on its common stock F also had outstanding $2,000,000 of 8 %, 20- year, convertible bonds payable. The bonds are convertible into 50,000 shares of common stock. F also had outstanding stock options to purchase 50,000 shares of common stock at $20 a share. The market price of the stock was $50/share. During 2019, F earned $1,200,000 net income and its effective income tax rate was 25%. INSTRUCTIONS: Determine the corporation's basic earnings per share. (4 points) Determine the corporation's diluted earnings per share. (10 points) a. b Step by Step Solution
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