When computing diluted earnings per share, convertible preferred stocks are a. Ignorance b. assumed converted whether they are dilutive or antidilutive. c. assumed converted only if they are antidilutive. d. assumed converted only if they are dilutive. Loeb Co. had 600,000 shares of common stock outstanding on January 1, issued 84,000 shares on May 1 purchased 42.000 shares of treasury stock on September 1, and issued 36,000 shares on November 1. The weighted average shares outstanding for the Year is a. 634,000. b. 648.000. c. 662,000. d. 676,000 Cosco Company had 300,000 shares of common stock issued and outstanding at December 31, 2017. During 2018 no additional common stock was issued. On January 1, 2018, Cosco issued 400,000 shares of preferred stock. During 2018, cosco's declared and paid $180,000 cash dividends on the common stock and $150,000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2018 was $5960,000. What should be Cosco's 2018 earnings per common share, rounded to the nearest penny? a. $1.16 b. $2.10 c $2.70 d, $3.20 Bush Inc. had the following capital structure during 2014. Convertible Preferred stock, $10 par, 4 % noncumulative, 25,000 shares issued & outstanding, convertible to 2 shares of common stock, $5 par, 200.000 shares issued & outstanding Bush had $500,000 net income for 2014 and did not pay the preferred dividends. What amount should Brush report as diluted EPS? A. $2.00 b. $2.45 c. $2.50 d $2.55