Compute rockland''s 2010 diluted earnings per share, Accounting Basics

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Compute rockland''s 2010 diluted earnings per share

Rockland Corporation earned net income of $363,300 in 2010 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $968,800 of 10% bonds, which are convertible into 19,376 shares of common. Rockland's tax rate is 40 percent. Compute Rockland's 2010 diluted earnings per share.

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Accounting Basics: Compute rockland''s 2010 diluted earnings per share

Reference No:- TGS091815

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Accounting Basics: Compute rockland''s 2010 diluted earnings per share

Reference No:- TGS091815

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute rockland''s 2010 diluted earnings per share

Reference No:- TGS091815

Recent Questions Asked Accounting Basics

Q : Characteristics of an effective listener

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Q : What can company do if not capable of meeting requirements

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