Find out the diluted earnings per share


Problem: At December 31, 2022, Anthony Walker Ltd. had 896000 common shares outstanding (no preferred shares issued). On September 1, 2023, an additional 294000 common shares were issued. In addition, Anthony Walker had $10000000 (par value) 6% convertible bonds outstanding at December 31, 2022, which are convertible into 608000 common shares. No bonds were converted in 2023. Net income for calendar 2023 was $3761220. Assuming the income tax rate is 30%, the diluted earnings per share for 2023 is 0 $3.80. ? $2.61. • $2.35. 0$2.72.

 

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Accounting Basics: Find out the diluted earnings per share
Reference No:- TGS03417603

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