Question
Yoder Incorporated, has 3600000 shares of common stock outstanding on December 31st, 2014. An additional 800,000 of common stock were issued on April 1st, 2015,
Yoder Incorporated, has 3600000 shares of common stock outstanding on December 31st, 2014. An additional 800,000 of common stock were issued on April 1st, 2015, and 400000 more on July 1st, 2015. On October 1st, 2015, Yoder issued 20000, $1,000 face value, 8% convertible bonds. Each Bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2015. What is the number of shares to be used in Computing basic earnings per share and diluted earnings per share, respectfully? This is multiple choice a. 4400000 + 4800000 B. 4400000 + 4500000 C. 4400000 + 4400000 D. 4800000 + 5600000
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