Montgomery Corporation has 6% convertible preferred stock outstanding. It declared preferred dividends of $4,800 during the year. The preferred shares are convertible into 2,000 shares of common stock. Compute the impact of these convertible preferred shares on Montgomery Corporation’s diluted earnings per share.View Solution: Montgomery Corporation has 6 convertible preferred stock outstanding It declared

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A: Solution :-

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Q: nator of the increment or of Diluted EPS is?

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Q: HAD

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