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Business, 06.05.2020 02:25 princeofpowerjr

Shaffer Corporation issued 180, $1,000, 10% convertible bonds in 2019 at face value. Each bond is convertible into 100 shares of common stock. Shaffer's net income for 2020 is $3,100,800 ($4,134,400 before tax). Considering all factors except convertible bonds, average common shares outstanding for 2020 were 1,818,000.

Compute basic EPS

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Shaffer Corporation issued 180, $1,000, 10% convertible bonds in 2019 at face value. Each bond is co...

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