At December 31, 2015, Agler Company had 1,200,000 shares of common stock outstanding. On September 1, 2016, an additional 400,000 shares of common stock were issued. In addition, Agler had $12,000,000 of 6% convertible bonds outstanding at December 31, 2015, which are convertible into 800,000 shares of common stock. No bonds were converted into common stock in 2016. The net income for the year ended December 31, 2016, was $4,500,000. Assuming the income tax rate was 30%, what should be the diluted earnings per share for the year ended December 31, 2016, rounded to the nearest penny

The Diluted EPS is $2.11

Explanation:

Diluted EPS=(Net Income-Preferred Dividend) /(weighted average of common stocks+ any potential convertible bonds or securities)

Diluted EPS=4,500,000/(1,200,000+(400,000*4/12)+800,000)

The 400,000 shares were issued on September 1,2016 therefore they have been weighted average for 4 months.

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.