cristy8144 cristy8144

21-11-2022
Business

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lcorp earned net income of $354,700 in 2020 and had 102,000 shares of common stock outstanding throughout the year. also outstanding all year was $900,000 of 5% bonds, which are convertible into 19,000 shares of common. l's tax rate is 30%. compute diluted earnings per share.

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