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    Basic Earnings per Share Calculations

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    Current assets 8,000
    Total assets 30,000
    Current liabilities 4,000
    total liabilities 5,000
    stockholders equity 27,000
    net income 9,000
    Average number of common shares outstanding = 10,000 shares

    How much is basic earnings per share?

    If the company's bonds can be converted by the bond holder into 20,000 additional common shares, how much is diluted earnings per share?

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    Solution Summary

    How much is basic earnings per share is determined.