ACC2363_QUIZ 1_Q #96

pdf

School

Algonquin College *

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Course

2363

Subject

History

Date

Nov 24, 2024

Type

pdf

Pages

Uploaded by ok1807

View Policies Show Attempt History  Your answer is correct. On January 2, 2023, Novak Inc. issued at par $9000 8% bonds convertible into 900 of its common shares. No bonds were converted during 2023. Throughout 2023, Novak had 900 common shares outstanding (no preferred shares issued). Novak’s 2023 net income was $7794, and its income tax rate is 30%. No potentially dilutive securities other than the convertible bonds were outstanding during 2023. Novak diluted earnings per share for 2023 would be $9.22. $4.61. $4.33. $4.69. eTextbook and Media Attempts: 2 of 3 used

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ACC2363_QUIZ 1_Q #96

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