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Business, 09.10.2021 14:00 jehwn

Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net income (exclusive of any investment income) of $560,000. Primus has 100,000 shares of common stock outstanding. Sonston reports net income of $160,000 for the period, with 40,000 shares of common stock outstanding. Sonston also has 10,000 stock warrants outstanding that allow the holder to acquire shares at $12.00 per share. The value of this stock was $24 per share throughout the year. Primus owns 2,100 of these warrants. What amount should Primus report for diluted earnings per share

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Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net i...
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