Rockland corporation earned net income of 433500 in 2012, Ask an Expert

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Rockland Corporation earned net income of $433,500 in 2012 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $1,156,000 of 10% bonds,which are convertible into 23,120 shares of common. Rockland's tax rate is 40 percent. Compute Rockland's 2012 diluted earnings per share.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966260

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