At dec 312010 had 7000 shares of cs issued and oustanding, Ask an Expert

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At Dec. 31,2010 had 7,000 shares of c/s issued and oustanding. April 1,2011 an additional 1,000 shares of c/s were issued and on July 1, 500 more shares were issued. Oct.1,2007 issued $10,000 face of 8% convertible bonds. Each bond is convertible into 40 shares of c/s. No bonds were converted into c/s in 2010. What is the # of shares used to compute diluted EPS for the tear ended Dec. 2010?

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Accounting Basics, Accounting

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