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We present Horan Incorporated's current-year partial income statement. Horan is subject to a 30% income tax rate. (Click the icon to view the partial
We present Horan Incorporated's current-year partial income statement. Horan is subject to a 30% income tax rate. (Click the icon to view the partial income statement for the current year.) A partial balance sheet for the current year follows. (Click the icon to view the partial balance sheet for the current year.) Read the requirements. TS Requirement a. Based on the information provided, compute basic and diluted earnings per share (EPS) for the current year. Include all computations related to the application of antidilution sequencing, if needed. Begin by calculating the incremental income per share on each of the potentially dilutive securities and ranking their order of entry into the EPS computation. (Complete all input fields. Enter a "0" for any zero balances. Round the increase in income amounts to the nearest dollar. Round the incremental income per share amounts to the nearest cent, $XXXX) Increase in the be sha Potentially Dilutive Increase Security in Income Number of Common Shares i Incremental Income per Share Rank Order of Entry into the EPS Computation 7% convertible debt Convertible preferred stock te Employee options spe mare Clear all Check answer
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