please find basic earnings per share and diluted earnings per share The information below pertains to Sunland Company for 2026.Net income for the year7% convertible bonds issued at gar ($1.000 per bond); each bond is convertible into 30 shares of common stock6% convertible, cumulative preferred stock. $100 par value; each share is convertible into 3 shares of common stockCommon stock. $10 par valueTax rate for 2026Average market price of common stockBasic earnings per share $163b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.)Diluted earnings per share $There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is notreasury stock. The company also has common stock options (granted in a prior year) to purchase 69,200 shares of common stock at$20 per share.a: Compute basic earnings per share for 2026. (Round answer to 2 decimal places, ea. 2.55.)$1,180,001,910,00303,820.005,850,00205$25 per shar

For the shareholders of every company, company issue dividends. the earning per share can be…

The information below pertains to Sunland Company for 2026. Net income for the year 7% convertible bonds issued at gar ($1.000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock $100 par value: each share is convertible into 3 shares of common stock Common stock, $10 par value Tax rate for 2026 Average market price of common stock Basic earnings per share There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 69,200 shares of common stock at $20 per share a. Compute basic earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) 1.63 b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share $1,180,00 1,910,00 3.820,00 5,850.00 30 205 $25 per shar

The information below pertains to Sunland Company for 2026. Net income for the year 7% convertible bonds issued at gar ($1.000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock $100 par value: each share is convertible into 3 shares of common stock Common stock, $10 par value Tax rate for 2026 Average market price of common stock Basic earnings per share There were no changes during 2026 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 69,200 shares of common stock at $20 per share a. Compute basic earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) 1.63 b. Compute diluted earnings per share for 2026. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share $1,180,00 1,910,00 3.820,00 5,850.00 30 205 $25 per shar

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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