Business, 28.05.2020 03:58 02lesmun16219
On June 30, 2019, bonds were issued at par with a face value of $2,000,000 and a 7% stated interest rate. Each bond has a $1,000 face value and is convertible into 30 shares of common stock. The tax rate is 40%. What is the impact of these bonds on the numerator and the denominator in your December 31, 2019 diluted earnings per share calculation if the "if converted" method is used
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On June 30, 2019, bonds were issued at par with a face value of $2,000,000 and a 7% stated interest...
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