Business, 16.04.2021 04:50 whitakers87
On January 2, 2018, Ava Co. issued at face value $119,600 of 7% bonds convertible in total into 13,686 shares of Ava's common stock. No bonds were converted during 2018. Throughout 2018, Ava had 10,000 shares of common stock outstanding. Ava's 2018 net income was $110,936. The income tax rate is 30%. No potential common shares other than the convertible bonds were outstanding during 2018. The numerator in the diluted earnings per share calculation for 2018 would be:
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On January 2, 2018, Ava Co. issued at face value $119,600 of 7% bonds convertible in total into 13,6...
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