Dicenta corporation reported net income of 283000 in 2012, Ask an Expert

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DiCenta Corporation reported net income of $283,000 in 2012 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,670 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. DiCenta' tax rate is 40%. Compute DiCenta' 2012 diluted earnings per share.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968450

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