Basic and Dulited EPS
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Mooretown incorporated has 1,7500,000 shares of common stock outstanding on Dec 31, 2014. An additional 125,000 shares of common stock were issued on Feb 1, 2015 and also on May 1, 2015. Oct 1, 2015 Mooretown issued 3,000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 50 shares of common stock in 2015.
Compute the number of shares to be used in
(1) Basic EPS
(2) Diluted EPS
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Solution Summary
The expert examines the basic diluted EPS.
Education
- Chartered Accountant (Equivalent to CPA in US), Institute of Charted Accountants of India
- Bachelor of Commerce, West Bengal University
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