bonds have a par value of $1,000, with interest payable annually. The current conversion ratio is 13:1, and in 2 years to 17:1. At the date of issue, the bonds were sold at 99. Bond discount is amortized on a straight-line basis. Sandhill's was 20%. Net income in 2020 was $9,950,000, and the company had 1,960,000 shares outstanding during the entire Compute both basic and diluted earnings per share. (Round answers to 2 decimal places, eg. $2.55.) Basic earnings per share Diluted earnings per share $ $

bonds have a par value of $1,000, with interest payable annually. The current conversion ratio is 13:1, and in 2 years to 17:1. At the date of issue, the bonds were sold at 99. Bond discount is amortized on a straight-line basis. Sandhill's was 20%. Net income in 2020 was $9,950,000, and the company had 1,960,000 shares outstanding during the entire Compute both basic and diluted earnings per share. (Round answers to 2 decimal places, eg. $2.55.) Basic earnings per share Diluted earnings per share $ $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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