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Demonstrate basic earnings per share

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Reference no: EM132539882

On April 1, 2019, River company issued 2,000,000 12% bonds at face amount. each 1,000 bond is convertible into 10 ordinary shares.

the entity reported net income of 2,749,000 for the year ended December 31,2019.

The average number of ordinary shares outstanding was 100,000 shares and the income tax rate is 30%.

REQUIRED:

Question 1: Determine basic earnings per share

Question 2: Determine diluted earnings per share

Reference no: EM132539882

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