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Business, 20.12.2019 02:31 Weaj01

Computing basic and diluted earnings per share

during 2015, park corporation had 50,000 shares of $10 par value common stock and 20,000 shares of 8%, $50 par value convertible preferred stock outstanding. each share of preferred stock may be converted into three shares of common stock. park corporation's 2015 net income was $550,000.

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a. compute the basic earnings per share for 2015. (round answer to two decimal places.)
b. compute the diluted earnings per share for 2015. (round answer to two decimal places.)

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Computing basic and diluted earnings per share

during 2015, park corporation had 50,000...
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