Business, 28.05.2021 03:30 taylorb1833

At December 31, 2016, Marion Inc. had 6,000,000 common shares outstanding. An additional 1,000,000 common shares were issued on April 1, 2017, and 500,000 more on July 1, 2017. On October 1, 2017, Marion issued 25,000, $1,000 par value, 8% convertible bonds. Each bond is convertible into 20 common shares. No bonds were converted in 2017. What is the number of shares to be used in calculating 2017 basic earnings per share and diluted earnings per share, respectively

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At December 31, 2016, Marion Inc. had 6,000,000 common shares outstanding. An additional 1,000,000 c...

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