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Title: Last year, TUV had 40,000 $15 par, 7 percent, cumulative, convertible preferred shares Post by: pie on Aug 31, 2018 Last year, TUV had 40,000 $15 par, 7 percent, cumulative, convertible preferred shares
outstanding. The Board of Directors did not declare a dividend for the current period because all of these shares were converted to common shares on the first day of the period. What is the effect on the numerator of the EPS calculation for this year due to the preferred shares? (Tax rate is 40 %.) A) $0 B) Add $42,000 C) Subtract $42,000 D) Subtract $25,200 E) Not determinable from the information given. Title: Last year, TUV had 40,000 $15 par, 7 percent, cumulative, convertible preferred shares Post by: tori.warner on Aug 31, 2018 Content hidden
Title: Last year, TUV had 40,000 $15 par, 7 percent, cumulative, convertible preferred shares Post by: pie on Aug 31, 2018 Helps a lot... Now I'm ready for my quiz
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