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Home Q & A Board Other Fields Homework Help Business Accounting
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Toko Toko
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6 years ago
Assume a company had net income of $20,000 and 8,000 common shares were outstanding the
entire year. Also assume there were 2 convertible securities outstanding the entire year:
Effect of Assumed Conversion
Numerator Denominator
#1 $8,000 6,000
#2 12,000 5,000
What is the diluted EPS?
A) $2.50
B) $2.40
C) $2.11
D) $2.00
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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askhat9askhat9
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6 years ago
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Toko Author
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#2
6 years ago
Thank you for assisting - again and again Smiling Face with Open Mouth
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