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Current Attempt in Progress At December 31, 2022, Oriole Inc. had 2999000 common shares outstanding. An additional 515000 common shares were issued on April 1, 2023, and 257500 more on July 1, 2023. On October 1, 2023, Culver issued 10000, $1000 par value, 8% convertible bonds. Each bond is convertible into 20 common shares. No bonds were converted in 2023. What is the number of shares to be used in calculating 2023 basic earnings per share and diluted earnings per share, respectively? O 3514000 and 3771500 O 3514000 and 3564000 O 3771500 and 4286500 3514000 and 3514000

Current Attempt in Progress At December 31, 2022, Oriole Inc. had 2999000 common shares outstanding. An additional 515000 common shares were issued on April 1, 2023, and 257500 more on July 1, 2023. On October 1, 2023, Culver issued 10000, $1000 par value, 8% convertible bonds. Each bond is convertible into 20 common shares. No bonds were converted in 2023. What is the number of shares to be used in calculating 2023 basic earnings per share and diluted earnings per share, respectively? O 3514000 and 3771500 O 3514000 and 3564000 O 3771500 and 4286500 3514000 and 3514000

FINANCIAL ACCOUNTING
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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Current Attempt in Progress At December 31, 2022, Oriole Inc. had 2999000 common shares outstanding. An additional 515000 common shares were issued on April 1, 2023, and 257500 more on July 1, 2023. On October 1, 2023, Culver issued 10000, $1000 par value, 8% convertible bonds. Each bond is convertible into 20 common shares. No bonds were converted in 2023. What is the number of shares to be used in calculating 2023 basic earnings per share and diluted earnings per share, respectively? O 3514000 and 3771500 O 3514000 and 3564000 O 3771500 and 4286500 3514000 and 3514000
Transcribed Image Text:Current Attempt in Progress At December 31, 2022, Oriole Inc. had 2999000 common shares outstanding. An additional 515000 common shares were issued on April 1, 2023, and 257500 more on July 1, 2023. On October 1, 2023, Culver issued 10000, $1000 par value, 8% convertible bonds. Each bond is convertible into 20 common shares. No bonds were converted in 2023. What is the number of shares to be used in calculating 2023 basic earnings per share and diluted earnings per share, respectively? O 3514000 and 3771500 O 3514000 and 3564000 O 3771500 and 4286500 3514000 and 3514000
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