d is convertible into 30 shares of common stock. The bonds sold originally at face value. Reported net income for 2021 was $340,000 with a 40% tax rate. Common shareholders received $2.40 per share dividends after preferred dividends were paid in 2021.   Required: Compute basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.)

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A:

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A: The correct answer is Option (c).

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.