Also outstanding all year was 858000 of 10 bonds which are , Ask an Expert

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Peter corporation earned net income of $583,918 in 2012 and had 175,000 shares of common stock outstanding throughout the year. Also outstanding all year was $858,000 of 10% bonds, which are convertible into 18,000 shares of common. Peter's tax rate is 36%. compute Peter's 2012 diluted earnings per share. Round answer to 2 decimal places.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941599

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