Pakison inc. had 200000 shares of 20 par common stock and, Ask an Expert

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Pakison, Inc. had 200,000 shares of $20 par common stock and 20,000 shares of $100 par, 6 percent cumulative, convertible preferred stock outstanding for the entire year ended December 31, 2010. The preferred stock is convertible into 5 shares of common stock. Parkison's net income for 2010 was $840,000.

Diluted earnings per share as of December 31, 2010 was??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946172

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