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Question - Marigold Corp. had 208000 shares of common stock, 20400 shares of convertible preferred stock, and $1470000 of 6% convertible bonds outstanding during 2018. The preferred stock is convertible into 40300 shares of common stock. During 2015, Marigold paid dividends of $0.90 per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2018 was $594000 and the income tax rate was 35%.
Calculate the Diluted earnings per share for 2018?
A local Chevrolet dealership carries the following types of vehicles: Because of recent Increases in gasoline prices, the car dealership has noticed a reduced demand for its S
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Tazmania Inc. had pretax financial income of $154,000 in 2007. Prepare Tazmania's journal entry to record 2007 taxes, assuming a tax rate of 45%.
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