Business, 15.11.2019 06:31 stopithelpmeplease
On january 2, 2016, sarah lawrence co. issued at face value $10,000 4% bonds convertible in total into 2,000 shares of lawrence’s common stock. no bonds were converted during 2016. throughout 2016, lawrence had 10,000 shares of common stock outstanding. lawrence’s 2016 net income was $2,000. the income tax rate id 40%. no potential common shares other than the convertible bonds were outstanding during 2016. diluted earnings per share for 2016 would be:
a) $.20
b) $.19
c) $.17
d) $.15
Answers: 2
Business, 22.06.2019 10:50
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Business, 22.06.2019 19:20
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Business, 22.06.2019 20:30
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On january 2, 2016, sarah lawrence co. issued at face value $10,000 4% bonds convertible in total in...
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