Business, 31.07.2019 17:10 Karamatullah

Information from the financial statements of ames fabricators, inc., included the following: december 31 2018 2017 common shares 100,000 100,000 convertible preferred shares (convertible into 32,000 shares of common) 12,000 12,000 10% convertible bonds (convertible into 30,000 shares of common) $ 1,000,000 $ 1,000,000 ames’s net income for the year ended december 31, 2018, is $500,000. the income tax rate is 40%. ames paid dividends of $5 per share on its preferred stock during 2018. required: compute basic and diluted earnings per share for the year ended december 31, 2018.

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Information from the financial statements of ames fabricators, inc., included the following: decemb...

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