Business, 20.08.2020 16:01 angelita24
On January 2, 2021, L Co. issued at face value $26,500 of 3% bonds convertible in total into 2,300 shares of L's common stock. No bonds were converted during 2021. Throughout 2021, L had 2,300 shares of common stock outstanding. L's 2021 net income was $8,500. L's income tax rate is 20%. No potential common shares other than the convertible bonds were outstanding during 2021. L's diluted earnings per share for 2021 would be:
Answers: 2
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Answers: 2
On January 2, 2021, L Co. issued at face value $26,500 of 3% bonds convertible in total into 2,300 s...
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