Dewing company would have reported only one earnings per, Ask an Expert

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For the current year, Dewing Company reported basic earnings per share of $8 and fully diluted earnings per share of $3. The difference between these figures is attributable to outstanding shares of convertible preferred stock. If all this preferred stock had actually been converted into common stock at the beginning of the current year, Dewing Company would have reported only one earnings per share amount, which would have been:

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Accounting Basics, Accounting

Category:- Accounting Basics
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