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Julli [10]
2 years ago
13

Hutchins Company had​ 200,000 shares of common​ stock, 50,000 shares of convertible preferred​ stock, and​ $2,000,000 of​ 10% co

nvertible bonds outstanding during the current year. The preferred stock was convertible into​ 40,000 shares of common stock.During the current​ year, Hutchins paid dividends of​ $1.00 per share on the common stock and​ $2.00 per share on the preferred stock. Each​ $1,000 bond was convertible into 50 shares of common stock. The net income for the year was​ $1,000,000 and the income tax rate was​ 30%.Basic earnings per share for the current year was​ (rounded to the nearest​ penny):A) 4.55B) 4.50C) 5.00D) 4.30
Business
1 answer:
Airida [17]2 years ago
6 0

Answer:

222222222222222222222222222222

Explanation:

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2 years ago
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6 0
3 years ago
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