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Home Q & A Board Other Fields Homework Help Business Accounting
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scavanger411 scavanger411
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6 years ago
The following information relates to the SPE company in 20x3.
Net income: $50,000
Common shares outstanding on January 1: 30,000
On June 30 issued 2,000 8% cumulative convertible preferred shares
$100 par, each convertible into 10 common shares
Issued a 40% stock dividend on Sept. 30
What is the diluted EPS?
A) $1.00
B) $ .89
C) $ .81
D) $ .76
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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haidy s.haidy s.
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6 years ago
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scavanger411 Author
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#2
6 years ago
found this very helpful thank you
wrote...
#3
4 years ago
hello
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