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Business, 09.02.2022 01:20 brittanypelleri5151

At December 31, 2020, Oriole Company had 2070000 shares of common stock outstanding. On January 1, 2021, Oriole issued 499000 shares of preferred stock which were convertible into 1060000 shares of common stock. During 2021, Oriole declared and paid $1300000 cash dividends on the common stock and $408000 cash dividends on the preferred stock. Net income for the year ended December 31, 2021, was $4930000. Assuming an income tax rate of 30%, what should be diluted earnings per share for the year ended December 31, 2021

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At December 31, 2020, Oriole Company had 2070000 shares of common stock outstanding. On January 1, 2...
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