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What is this answer? Please answer ASAP The following convertble securities witl have a dilutive impact on earnings per share: (1) 10% convertible preferred stock
What is this answer? Please answer ASAP
The following convertble securities witl have a dilutive impact on earnings per share: (1) 10% convertible preferred stock with dividends of $7,000 declared during the year and shares convertible into 2,500 cornmon shares (2) 5% convertible bonds with interest expense (net of taves) of $8,000 and convertible into 3,500 common shares (3) B4 convertuble bonds with interest expense (net of taxes) of 55,000 and convertibie into 1,600 common shares What is the appropriate ranking of items 1,2 , and 3 above to indicate their impact on diluted eamings per share calculations from most dilutive to least divtive? 1,1,1 1,1,2 2,1,3 1,2,3 Step by Step Solution
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