Computing basic earnings and diluted earnings per share

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Reference no: EM132280325

Question - Crane Company, has 4270000 shares of common stock outstanding on December 31, 2017. An additional 804000 shares of common stock were issued on April 1, 2018, and 394000 more on July 1, 2018. On October 1, 2018, Crane issued 19000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2018. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively?

5465000 and 6265000

5070000 and 5465000

5070000 and 5070000

5070000 and 5165000

Reference no: EM132280325

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